Washington Suburban Sanitary Commission CPI Bonds of 2020

Established in 1918, the Washington Suburban Sanitary Commission (WSSC) is currently among the largest water and wastewater utilities in the nation, with a network of nearly 5,768 miles of fresh water pipeline and over 5,578 miles of sewer pipeline. The WSSC service area spans nearly 1,000 square miles in Prince George’s and Montgomery counties, Maryland, and serves 1.8 million residents through approximately 475,000 customer accounts.

Wye River Group has served as financial advisor to WSSC in connection with all of its financings, planning and debt implementation needs since 2016. To date, we have assisted in implementing seven competitive public offerings of new money and refunding issues totaling more than $1.5 billion.

$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.

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