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Underwriter Pool Selected For Upcoming Negotiated Issuance
View allOctober 2, 2024
News
Las Vegas Valley Water District and Southern Nevada Water Authority have selected a pool of five underwriters for its next new money bond issuance.
Firms Selcted:
- B of A Securities - Lead Sr. Manager
- Wells Fargo Corporate and Investment Banking
- Morgan Stanley & Co. LLC
- Academy Securities, Inc.
- Samuel A. Ramirez & Co., Inc.
Maximum par not to exceed $415,000,000*. This negotiated bond sale is projected to close in May to August 2025. Bond proceeds will be used to fund projects in the Southern Nevada Water Authority’s Major Construction and Capital Plan. These bonds will be a general obligation of the Las Vegas Valley Water Disctrict and additionally secured by Southern Nevada Water Authority pledged revenues.
*Subject to change