San Francisco BART District

San Francisco Bay Area Rapid Transit District

The 2013C Bonds are being issued to finance earthquake safety improvements to BART facilities in the Three BART Counties, including strengthening tunnels, bridges, overhead tracks, the underwater Transbay Tube, and the Berkeley Hills Tunnel.


Issuance characteristics
  • Not callable
  • Federally tax exempt
  • General Obligation
  • Competitive sale

About this bond issuance

  • Purpose

    The 2013C Bonds are being issued to finance earthquake safety improvements to BART facilities in the Three BART Counties, including strengthening tunnels, bridges, overhead tracks, the underwater Transbay Tube, and the Berkeley Hills Tunnel.

  • Obligor

    San Francisco Bay Area Rapid Transit District

  • Issuer

    San Francisco Bay Area

  • Authority

    San Francisco Bay Area Rapid Transit District

  • Security

    In order to provide sufficient funds for repayment of principal and interest when due on the 2013C Bonds, the District is empowered and is obligated to annually levy ad valorem taxes upon all property subject to taxation by the District, without limitation as to rate or amount (except as to certain personal property which is taxable at limited rates).  

Ratings

Ratings

Aa3

S&P

AA-

Moody's

AA-

Fitch

Financing team

Neighborly Securities
Neighborly is a market participant on this issuance.