Revenue Bonds will Finance Capital Facilities and System Improvements

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.