Milwaukee Metropolitan Sewerage District
Press Release

MMSD Saves $4 Million With Strategic Bond Sale

 

By - Jul 28th, 2020 03:10 pm

(Milwaukee, WI) – Strong demand from investors pushed interest rates extremely low, 0.718%, resulting in a $4 million savings for the Milwaukee Metropolitan Sewerage District’s (MMSD) recent $27.7 million sale of General Obligation Sewerage System Refunding Bonds.

“This is great news for our taxpayers on several fronts. $4 million is a massive savings that would not have been realized without the District’s bond ratings and solid financial management,” said MMSD Commission Chair and West Allis Mayor Dan Devine.

Prior to the bond sale, Fitch Ratings reaffirmed MMSD’s ‘AAA’ rating.

S&P Global gave the District an ‘AA+’ saying, “Strong management, with good policies and practices …”. “We consider the district’s financial management practices strong under our FMA methodology, indicating financial practices are strong, well embedded, and likely sustainable.”

NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.

Mentioned in This Press Release

People:

Recent Press Releases by Milwaukee Metropolitan Sewerage District

Get Rid of Mercury & Household Chemicals Properly

FREE Disposal Program for Milwaukee County Residents

Leave a Reply

You must be an Urban Milwaukee member to leave a comment. Membership, which includes a host of perks, including an ad-free website, tickets to marquee events like Summerfest, the Wisconsin State Fair and the Florentine Opera, a better photo browser and access to members-only, behind-the-scenes tours, starts at $9/month. Learn more.

Join now and cancel anytime.

If you are an existing member, sign-in to leave a comment.

Have questions? Need to report an error? Contact Us