News Release - July 8, 2025
NEW YORK -- HRSD conducted a successful sale of the $224 million Subordinate Wastewater Revenue Bonds, Series 2025A (the Bonds) on July 8, 2025. The bond sale acts as a “bridge loan” resulting in a net present value savings estimated at $10.71 million relative to an existing federally subsidized loan program that HRSD previously closed on in 2024.
HRSD plans on paying off the Bonds with this loan program one year from now when they mature.