GWA, GEDA make bond presentations in San Francisco - KUAM.com-KUAM News: On Air. Online. On Demand.

GWA, GEDA make bond presentations in San Francisco

Posted: Updated:

by Ken Quintanilla

Guam - Representatives from the Guam Economic Development Authority, the Guam Waterworks Authority and the Calvo Administration are out in San Francisco this week making presentations to rating agencies for GWA's half-billion dollar bond to fund capital improvement projects.

According to GEDA deputy administrator Mana Silva Taijeron, the rating presentations are part of the process prior to the bonds actually being purchased. The presentations will be made to Standard & Poor's, Moody's and Fitch Ratings.

Last week a public hearing was held for Senator Tom Ada's Bill 181 authorizing GWA to borrow $495 million to projects outlined in a federal court order. That bill has yet to be passed by senators but GWA had hoped that action would be taken on the measure before the end of the month to meet court order timelines. According to Senator Ada's office, lawmakers are set to go into session on October 29.

  • NEWS HEADLINESMore>>

  • Local firefighters, Coast Guard unit collect storm aide for Rota

    Local firefighters, Coast Guard unit collect storm aide for Rota

    Coming to the aid of our brothers and sisters in Rota who are slowly picking up the pieces after Typhoon Mangkhut are the Guam Fire Department and the Western Pacific Islands Association of Fire Chiefs. Recently, they conducted a relief drive and togetherMore >>
    Coming to the aid of our brothers and sisters in Rota who are slowly picking up the pieces after Typhoon Mangkhut are the Guam Fire Department and the Western Pacific Islands Association of Fire Chiefs. Recently, they conducted a relief drive and togetherMore >>
  • Santa Rita fire sends 3 to hospital

    Santa Rita fire sends 3 to hospital

    Three people were rushed to the Guam Memorial Hospital from injuries sustained in a structure fire in Santa Rita. Guam Fire Department spokesperson Kevin Reilly says units responded to the fire along Maria Perez St. just before 6 o’clock Thursday

    More >>

    Three people were rushed to the Guam Memorial Hospital from injuries sustained in a structure fire in Santa Rita. Guam Fire Department spokesperson Kevin Reilly says units responded to the fire along Maria Perez St. just before 6 o’clock Thursday. 

    More >>
  • Action taken on over 2,000 CLTC leases

    Action taken on over 2,000 CLTC leases

    Action has been taken on the more than 2,000 Chamorro Land Trust leases deemed voidable. As reported, the AG's opinion issued in May categorized CLTC leases as "voidable" and "null and void." Leases not ratified by the board were deemed "voidable, but not

    More >>

    Action has been taken on the more than 2,000 Chamorro Land Trust leases deemed voidable. As reported, the AG's opinion issued in May categorized CLTC leases as "voidable" and "null and void." Leases not ratified by the board were deemed "voidable, but not

    More >>
Powered by Frankly