The Mini-Bond Program was established in April 2001 for the active and retired employees of the Los Angeles Department of Water and Power (LADWP). It provides employees an affordable opportunity to invest in Water System or Power System Revenue Bonds without paying commissions or brokerage fees by buying Mini-Bonds directly from LADWP during a specified offering period.

At this time, Mini-Bonds are not available for purchase and there is no indication when the next offering will take place. The last offering back in 2006 reached final maturity in July 2021. All active and retired employees will be informed of any future offerings.

The Mini-Bond Program is administered by the Debt Management Section in the Financial Services Organization of the LADWP. Inquiries may be sent by mail, phone, fax, or e-mail to the following:


Mini-Bond Program, JFB Room 465
Los Angeles Department of Water and Power
P.O. Box 51111
Los Angeles, CA 90051-0100
Tel Number: (213) 367-0216
Fax: (213) 367-3909
E-mail: [email protected]