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Ohio Water Development to price $363.85 million revenue bonds, BABs
By Sheri Kasprzak
New York, Jan. 6 - The Ohio Water Development Authority is expected to sell $363.845 million in series 2010 water pollution control loan fund revenue bonds, according to a preliminary official statement.
The bonds (Aaa/AAA/) will be sold through senior manager Morgan Stanley & Co. The co-managers are Bank of America Merrill Lynch, J.P. Morgan Securities Inc., Fifth Third Securities Inc., KeyBanc Capital Markets Inc., Piper Jaffray & Co. and Rice Financial Products Co.
The offering includes $321.705 million in series 2010A tax-exempt bonds and $42.14 million in series 2010B Build America Bonds.
The 2010A bonds are due 2010 to 2027 and the 2010B bonds are due 2030.
Proceeds will be used to fund loans for pollution control projects throughout the state.
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