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East Bay Municipal Utility District (EBMUD), AAA/Aa rated utility based in Oakland, California, the Metropolitan Water District of Southern California, AAA/Aa rated utility based in Los Angeles, California and the Irvine Ranch Water District, AAA/Aa rated utility based in Irvine, Californialifornia retained Saber Partners, LLC to assist in developing and implementing their variable rate financing strategy. Saber will advise the companies in developing the most efficient, lowest cost access to the capital markets, initially focusing on about $1.2 billion of the outstanding amount under the combined programs. Among their assignments, the firm will examine successful strategies from the corporate and international markets that could
assist in addressing municipal market liquidity issues including Variable Rate Demand Bonds (VRDBs) and other short-term market instruments.
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