Bonds

Bond Offering

Special Variable Rate Water Revenue Refunding Bonds, 2025 Series B*

Special Variable Rate Water Revenue Refunding Bonds, 2025 Series B*

Par Amount
$184,225,000
Tax Status
Tax-Exempt
Sale Date
12/17/2025
Sector
Water / Sewer
State
California
Bond Type
Variable Rate
Method of Sale
Negotiated
Closing Date
12/18/2025
Call Features
While in the Weekly Mode, the 2025B Bonds are subject to optional redemption by Metropolitan in whole or in part, in Authorized Denominations, on any date, at a redemption price equal to 100% of the principal being redeemed plus accrued interest, if any, to such Redemption Date, without premium.

Additional Information

*Preliminary and subject to change

Senior Managing Underwriter

PNC Capital Markets LLC

Co-Senior Managing Underwriter

Morgan Stanley

Municipal Advisor

PFM Financial Advisors, LLC

Bond Counsel

Anzel Galvan LLP

Disclosure Counsel

Stradling Yocca Carlson & Rauth LLP