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Ohio Water Development Authority to sell $119.5 million revenue bonds
By Sheri Kasprzak
New York, March 19 - The Ohio Water Development Authority is set to price $119.495 million in series 2009A fresh water revenue bonds, according to a preliminary official statement.
The bonds (Aaa/AAA/) will be sold on a negotiated basis with Morgan Stanley & Co. as the senior manager. The co-managers are Citigroup Global Markets Inc., Merrill Lynch & Co. Inc., Conners & Co. Inc. and Rice Financial Products Inc.
The bonds are due 2009 to 2016.
Proceeds will be used to refund the authority's series 1998 fresh water bonds.
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