Silverdale Water District has issued Water Revenue Bonds to finance various capital improvements to the Water System. As part of the bond financing process, the District received a rating upgrade from A+ to AA-, reflecting the District’s track record of sound financial management. The higher the rating grade, the lower the interest cost. The Revenue Bonds (financed over 20-years) achieved an all-in net borrowing cost of 2.06%.
The Water Revenue Bonds will finance capital improvements to SWD facilities, including administration and maintenance building expansions; equipment purchases; and the acquisition, construction and installation of improvements to the water system infrastructure.