Bonds

Bond Offering

VARIABLE RATE SUBORDINATE WATER REVENUE BONDS, 2026 SERIES B*

VARIABLE RATE SUBORDINATE WATER REVENUE BONDS, 2026 SERIES B*

Par Amount
$200,000,000
Tax Status
Tax Exempt
Sale Date
11/18/2026
Sector
Water / Sewer
State
California
Bond Type
Variable Rate
Method of Sale
Negotiated
Closing Date
11/19/2026

Additional Information

*Preliminary and subject to change

Issuer Ratings

Fitch
AA+
Outlook
Stable
Date
May 2024
Rating Report

Senior Managing Underwriter

J.P. Morgan
John Houlberg, Executive Director
(415) 315-5958

Co-Senior Manager

Ramirez, Inc.
Raul Amezcua, Senior Managing Director
(213) 605-5120

Municipal Advisor

Backstrom McCarley Berry & Co., LLC
Vincent McCarley
(415) 857-6101

Bond Counsel

Hawkins Delafield & Wood LLP
Diane Quan, Partner
(213) 236-9068

Underwriter's Counsel

Orrick, Herrington & Sutcliffe LLP
Jade Turner-Bond
(213) 612-2202

Disclosure Counsel

Stradling Yocca Carlson & Rauth LLP
Jonathan Guz
(949) 725-4097