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Published on 6/2/2010 in the Prospect News Municipals Daily.

New Issue: Ohio County, Ky., sells $83.3 million 6% refunding revenue bonds at par

By Sheri Kasprzak

New York, June 2 - The County of Ohio in Kentucky sold $83.3 million in series 2010A pollution control refunding revenue bonds on Thursday, according to an official statement.

The bonds (Baa1/BBB-/BBB-) were sold through Goldman Sachs & Co.

The 6% bonds are due July 15, 2031, and were priced at par.

Proceeds will be used to refund the county's series 2001A auction-rate pollution control bonds.

Issuer:County of Ohio, Ky.
Issue:Series 2010A pollution control refunding revenue bonds
Amount:$83.3 million
Maturity:July 15, 2031
Coupon:6%
Price:Par
Yield:6%
Type:Negotiated
Underwriter:Goldman Sachs & Co.
Ratings:Moody's: Baa1
Standard & Poor's: BBB-
Fitch: BBB-
Pricing date:May 27
Settlement date:June 8

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