Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
SFPUC bond refunding produced about $136 million in debt-service savings, CFO says
San Francisco Public Utilities Commission · October 25, 2016
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
CFO Eric Sandler reported the water bond refunding priced on Oct. 6 refunded roughly $890 million, was 1.5x oversubscribed, and produced approximately $136 million in debt-service savings (NPV ~$107 million) with a true interest cost of 2.85%.
The San Francisco Public Utilities Commission heard a financial report on the results of a large water bond refunding that closed Oct. 6 and delivered substantial savings for ratepayers.
Eric Sandler, Chief Financial Officer, said the refunded bonds totaled about $890 million, representing roughly a quarter of…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans
