Ohio Water Development Authority plans to price $69.235 million refunding revenue bonds

By Cristal Cody

Springdale, Ark., April 25 - The Ohio Water Development Authority intends to price $69.235 million refunding revenue bonds, according to a preliminary official statement released Friday.

The series 2008 drinking water assistance fund leverage bonds (Aaa/AAA/) have maturities June 1 and Dec. 1 of each year from 2009 through 2027 and a final maturity June 1, 2028.

UBS Investment Bank is the senior manager of the negotiated sale. Butler, Wick & Co., Ramirez & Co. and SBK-Brooks Investment Corp. are the co-managers.

Proceeds will be used for the Drinking Water Assistance Fund and to refund bond anticipation notes.

Additional information was not available.

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