Metropolitan sewer district of Cincinnati plans $161.41 million bonds

By Cristal Cody

Tupelo, Miss., Aug. 5 - Hamilton County, Ohio, intends to sell $161.41 million in sewer system improvement revenue bonds for the Metropolitan Sewer District of Greater Cincinnati, according to a preliminary official statement.

The $45.965 million series 2009A tax-exempt bonds have serial maturities from 2010 through 2019.

The $115.445 million series 2009B taxable bonds have serial maturities from 2020 through 2024 and a term maturity due Dec. 1, 2034.

Citigroup Global Markets Inc. and RBC Capital Markets Corp. are the senior managers of the negotiated sale.

Fifth Third Securities, Inc., Loop Capital Markets, LLC and PNC Capital Markets, LLC are co-managers.

The bonds (Aa3/AA+/) will be sold to fund capital improvement projects and to fund the district's reserve account.

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