Midpen Issuing New Offer of "Green Bonds" 

Approximately $37 million in Measure AA bonds will be offered for sale to the public on June 25*.

Midpen’s Measure AA is a 30-year, $300 million general obligation bond passed by local voters in June of 2014 specifically to fund the top 25 priority projects in Midpen’s Vision Plan, which was created together with the community.

Sales of Measure AA “green bonds” generates proceeds that fund Midpen’s priority Vision Plan projects, including open space and agricultural land preservation; environmental restoration and improved and expanded public access opportunities.

Midpen’s bonds carry AAA ratings from both Standard and Poor’s (S&P) and Fitch Ratings, which is the highest credit rating available and means they are considered among the safest investments.

Financing Schedule

Release of Preliminary Official Statement: June 14, 2024

Bond Sale: June 25, 2024*

Bond Delivery Date: July 9, 2024*

*Preliminary, subject to change.

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 
Menlo Park (650) 234-5100
Palo Alto (650) 496-4200
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.