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