Washington Suburban Sanitary Commission CPI Bonds of 2020

$99,210,000
Washington Suburban Sanitary District (Maryland)
Consolidated Public Improvement Bonds of 2020

Wye River Group Served as WSSC’s Independent Financial Advisor for this Transaction.

Project Overview

The CPI Refunding Bonds of 2020 will provide funding for the current refunding on June 1, 2020 of WSSC’s outstanding Series 2010B Build America Bonds and costs of issuance of the Bonds.

Financing Overview

The CPI Refunding Bonds of 2020 received AAA/Aaa/AAA credit ratings and were structured as tax-exempt municipal bonds that were sold via competitive, public offering on February 25, 2020. The Bonds received competitive bids from 7 municipal underwriting firms with the winning bidder submitting a TIC bid of 0.879%. The financing closed on March 11, 2020.