Guam to Sell $267.1 Million of Water, Wastewater System Revenue Bonds

Published: 2025-07-09 12:18:13 ET RJF

Published on 07/09/2025 at 12:18

By Chris Wack

The Guam Waterworks Authority is offering $267.1 million of bonds to pay for capital improvements to the U.S. territory's water and wastewater systems.

The Water and Wastewater System Revenue bonds Series 2025 A bonds will also be used to establish a bond reserve fund and pay issuance costs, according to offering documents posted Tuesday on MuniOS. The bonds are exempt from taxes in all U.S. states and territories.

Pricing is expected on July 22 with closing scheduled for Aug. 6.

The bonds are limited obligations of the authority, payable solely from and secured solely by a pledge of revenue consisting primarily of all income and revenue received from the ownership or operation of the water and wastewater systems.

Interest on the bonds will be payable starting on Jan. 1 and again on July 1.

The authority was converted from a government agency to a public corporation in 2002, and is authorized to operate and maintain the water and wastewater system for the island territory.

Moody's assigned the bonds a long-term debt rating of Baa2, and S&P Global Ratings gave the securities an A- rating.

RBC Capital Markets and Raymond James are the offering's lead managers.

Write to Chris Wack at [email protected]

(END) Dow Jones Newswires

07-09-25 1217ET