Bonds

Bond Offering

State of California Department of Water Resources Central Valley Project Water System Revenue Bonds, (2026 General Bond Resolution) 2026 Series A

State of California Department of Water Resources Central Valley Project Water System Revenue Bonds, (2026 General Bond Resolution) 2026 Series A

Par Amount
$552,745,000
Tax Status
Tax-Exempt
Sale Date
02/10/2026
Sector
Water / Sewer
State
California
Bond Type
Fixed Rate
Method of Sale
Negotiated
Closing Date
02/24/2026

Additional Information

*Preliminary and subject to change

Bond Offering Ratings

Moody’s
Aa1
Date
Jan 2026
S&P
AA+
Date
Jan 2026

Municipal Advisor

Montague DeRose and Associates, LLC

Bond Counsel

Orrick, Herrington & Sutcliffe LLP

Joint Senior Managers

Barclays
Raymond James

Co-Senior Manager

Ramirez & Co. Inc.

Co-Manager

Academy Securities, Inc.
AmeriVet Securities, Inc.
Backstrom McCarley Berry & Co., LLC
Blaylock Van, LLC
BofA Securities, Inc.
Goldman Sachs & Co. LLC
Loop Capital Markets LLC
Mesirow Financial, Inc.
Morgan Stanley & Co. LLC
Siebert Williams Shank & Co., LLC
Stern Brothers & Co.
TD Financial Products LLC
Wells Fargo Corporate & Investment Banking

Underwriter Counsel

Nixon Peabody LLP