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DeKalb approves up to $433 million water and sewer bonds; Jefferies wins competitive sale with 4.65% true interest cost
Summary
The county awarded a competitive bond sale to Jefferies for its water-and-sewer revenue bonds after Moody's and Fitch affirmed ratings; closing is scheduled next week and bond proceeds will fund the county's capital plan and pay short-term notes on Sept. 1, 2025.
The DeKalb County Board of Commissioners voted Aug. 12 to authorize the issuance of water and sewer revenue bonds that will fund the county's capital program and replace short-term notes due Sept. 1.
Financial adviser PFM and county bond counsel reported the county received five competitive bids that morning. Jefferies submitted the winning bid with a true interest cost (TIC) of 4.654 percent; the final par amount to be issued is about $433.1 million, below the board's not-to-exceed…
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