Hamilton County, Ohio, plans $260.81 million sewer system revenue debt

By Sheri Kasprzak

New York, July 12 - Hamilton County, Ohio, intends to come to market with $260.81 million of series 2013 sewer system improvement and refunding bonds, according to a preliminary official statement.

The deal includes $180,815,000 of series 2013A tax-exempt improvement and refunding bonds and $79,995,000 of series 2013B taxable refunding bonds.

The bonds (Aa2/AA+/) will be sold on a negotiated basis with Citigroup Global Markets Inc., RBC Capital Markets LLC and Morgan Stanley & Co. LLC. The co-managers are BofA Merrill Lynch, Fifth Third Securities Inc., Loop Capital Markets LLC and Stifel, Nicolaus & Co. LLC.

The 2013A bonds are due 2014 to 2033 with a term bond due in 2038. The 2013B bonds are due 2013 to 2017.

Proceeds will be used to make capital improvements to the county's sewer system, as well as to refund existing bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.