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Authority Reports $370M Bond Sale Oversubscription, Marks Phase 3C Pipeline Opening
Summary
The Authority reported a $370 million 2025 bond placement that was roughly four times oversubscribed and highlighted completion of the Phase 3C pipeline; board approved submission of FY2027 cooperative funding applications to the SWFWMD.
The Peace River Manasota Regional Water Authority reported results of a three‑series bond offering and celebrated completion of a key pipeline segment during its Aug. 6 board meeting.
Natalie Sador, the authority's financial adviser from Prag, said the 2025 A/B/C bond sale offered $370 million across three series and drew about $1.45 billion in investor orders — roughly four times the bonds offered. Sador said the largest series funded part of the surface water system…
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