News Story

On or about July 21, 2026, the District of Columbia plans to price its Income Tax Secured Revenue Bonds, Series 2026A (tax-exempt) and Series 2026B (federally taxable).  The proceeds of the Series 2026A Bonds will be used, together with other funds of the District, to (i) pay or reimburse the District for capital project expenditures under the District’s capital improvements plan; (ii) refund the District’s outstanding General Obligation Commercial Paper Bond Anticipation Notes, Series 2025A (the “Refunded GO CP 2025A BANs”); and (iii) pay the costs and expenses of issuing and delivering the Series 2026A Bonds.  The proceeds of the Series 2026B Bonds will be used, together with other funds of the District, to (i) pay or reimburse the District for capital project expenditures under the District’s capital improvements plan; (ii) refund the District’s Income Tax Secured Bond Anticipation Notes, Series 2025B (Federally Taxable) (the “Refunded Income Tax Secured 2025B BANs”); and (iii) pay the costs and expenses of issuing and delivering the Series 2026B Bonds.

The syndicate for this issuance will be led by Ramirez & Co., Inc. Other members of the underwriting syndicate included RBC Capital Markets as co-senior manager, as well as Morgan Stanley, BofA Securities, Bancroft Capital, Loop Capital Markets, Stifel, and Mischler Financial Group, Inc. as co-managers.