Kevin Bethel, Chief Financial Officer
Las Vegas Valley Water District Investor Relations
Las Vegas Valley Water District Investor Relations
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On June 24, 2025, the Las Vegas Valley Water District issued its Water Improvement Bonds, Series 2025A in the amount of $394,430,000 in denominations of $5,000. These general obligation (limited tax) bonds are additionally secured by pledged revenues of the Southern Nevada Water Authority (SNWA). Proceeds will be used to finance the acquisition and/or construction of water infrastructure improvement projects of the SNWA and to pay the costs of issuing the 2025A bonds. This was a negotiated deal. The senior manager was BofA Securities. The comanagers were Academy Securities; Morgan Stanley; Ramirez & Co., Inc.; and Wells Fargo Securities. The series 2025A bonds are comprised of serial and term bonds maturing annually on June 1 between 2029 and 2055. Interest will be paid semiannually on June 1 and December 1. The coupon rate is 5.00% for all maturities of the serial bonds and 5.25% for the term bonds. We thank the investors and other participants that made this deal possible.
