Midpeninsula Regional Open Space District Plans to Issue "Green Bonds"
Midpeninsula Regional Open Space District expects to sell approximately $57 million of “Green Bonds” on Thursday, September 8, 2016 through a public sale. The District will use the proceeds to refinance and prepay existing bonds at today's very low interest rates, anticipated to generate substantial savings in debt costs for the public.
"Green Bonds," relatively new in the municipal market, are bonds that support environmentally-beneficial purposes including open space preservation, renewable energy, clean air and water, LEED certified facilities, mass transit and other green initiatives.
Financing Schedule:
Release of Preliminary Official Statement: August 29, 2016*
Bond Sale: September 8, 2016*
Bond Delivery Date: September 22, 2016*
Contact Information:
Morgan Stanley will serve as the underwriter for the bond offering. Anyone interested in purchasing the Green Bonds should contact Morgan Stanley at the numbers listed below for copies of the Preliminary Official Statement and for a more complete description of the Bonds.
Morgan Stanley Branch Offices
Cupertino (408) 861-2065
Los Gatos (650) 496-4254
Menlo Park (650) 926-7600
Palo Alto (650) 496-4278
San Jose (408) 947-2200
San Mateo (650) 358-1800
Silicon Valley Center (408) 861-2000
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. The offering is made only by the Preliminary Official Statement. The information set forth in this announcement was obtained from sources we believe to be reliable but we do not guarantee its accuracy. All such information is subject to the information in the final Official Statement.
*Preliminary, subject to change.