Contact

NOTICES

Content on this page was created and archived before the ADA Title II mandate for WCAG 2.1 Level AA content and will not be updated.

To request special assistance to review or inspect an archived document, call (808) 748-5041, email a detailed request to contactus@hbws.org or submit a request for information form.

Notice of Potential Financing (2023)

February 17, 2023 – The Board of Water Supply (the “Board”) of the City and County of Honolulu (the “City”) is considering the issuance of approximately $17.1 million of Water System Revenue Bonds (the “Bonds”) with the intention to be used for capital improvement projects.

Ratings from S&P and Fitch have been applied for.

The Bonds are expected to be sold through an order period (with retail priority) on or about March 8, 2023.

The selling of the Bonds will be led by BofA Securities as the underwriter.

The Bonds will be secured by the Net Revenues of the Water System.

The exact size, timing, and structure of the anticipated transaction remain subject to market conditions.

The Board and the City reserve the right to change or modify its plans as it deems appropriate.

The filing of this notice does not constitute or imply any representation that the foregoing is material to investors or regarding any other financial, operating or other information about the Board or the City. There is no guarantee the transaction or structure described in this notice will be consummated. Under no circumstances shall this notice constitute an offer to sell or the solicitation of an offer to buy the Bonds. Any such offer or solicitation will only be made pursuant to an official statement that prospective investors must review before making any investment decision.

Contact:

Joseph Cooper
Waterworks Controller
Honolulu Board of Water Supply
(808) 748-5105

Related Links:

Updated: 02/17/2023

SHARE

< BACK TO NOTICES (2020-2024)