The Otay Water District Financing Authority, established in 1995 and located in Chula Vista, California, was created to finance water-related infrastructure projects and improve the delivery of services within its jurisdiction. The Authority primarily issues revenue bonds to fund water supply, treatment, and distribution infrastructure, ensuring reliable access to high-quality water for its customers.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| OTAWTR 6.58% 2040-09-01 USDOtay Water District Financing Authority | United States | 2040-09-01 | 6.577 | 5.54 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, the Otay Water District Financing Authority has issued several key bond series, including its inaugural bond issuance in 1996, which amounted to $15 million. Most recently, in 2021, the Authority issued a significant $25 million bond to refinance existing debt, resulting in lower interest costs for the district. Currently, the Authority's bonds offer competitive yields compared to industry standards, with features that include dedicated revenue streams and funding mechanisms tied to water utility revenues, enhancing security for bondholders.