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SFPUC power enterprise completes first bond sale; $32M designated green bonds
San Francisco Public Utilities Commission · May 12, 2015
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Summary
Interim CFO Charles Pearl reported the power enterprise's first bond sale, just under $40 million, with average maturity of 19 years and an average interest cost of 3.95%; $32 million of the issue was designated as green bonds, attracting socially responsible investors.
Interim CFO Charles Pearl briefed commissioners on the power enterprise's inaugural bond issuance.
Pearl said the sale, for just under $40,000,000, was oversubscribed by roughly 40 percent and…
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