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SFPUC reports sale of $300M in wastewater revenue bonds, majority certified as green
San Francisco Public Utilities Commission · June 14, 2016
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Summary
CFO Eric Sandler told the commission the SFPUC sold just over $300 million in wastewater revenue bonds—75% green-certified by Sustainalytics—with competitive bids, a split rating (Moody's AA3; S&P upgraded to AA) and historically low true interest costs.
Eric Sandler, the SFPUC chief financial officer, presented results from a competitive sale of just over $300 million in wastewater revenue bonds executed in May. He said roughly 75% of the issue was certified as green by Sustainalytics under a new climate bond standard, making the issuance notable in the…
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