Bonds

Bond Offering

Measure R Senior Sales Tax Revenue Bonds*

Measure R Senior Sales Tax Revenue Bonds*

Refunding Series 2026-A
Par Amount
$326,175,000
Tax Status
Tax-Exempt
Sale Date
04/09/2026
Sector
Transit
State
California
Bond Type
Fixed Rate
Method of Sale
Negotiated
Closing Date
04/21/2026
Retail Order Period Begins
04/08/2026
Series 2026-B
Par Amount
$522,410,000
Tax Status
Tax-Exempt
Sale Date
04/09/2026
Sector
Transit
State
California
Bond Type
Fixed Rate
Method of Sale
Negotiated
Closing Date
04/21/2026
Retail Order Period Begins
04/08/2026

Additional Information

*Preliminary, subject to change

Bond Offering Ratings

Moody’s
Aa1
Date
Mar 2026
S&P
AAA
Date
Mar 2026

Senior Manager

Morgan Stanley

Co-Senior Manager

Siebert Williams Shank & Co., LLC
Loop Capital

Co-Manager

Academy Securities
TD Securities

Municipal Advisor

Montague DeRose and Associates, LLC

Bond Counsel

Norton Rose Fulbright LLP