Published on 1/12/2010 in the Prospect News Municipals Daily.
New Issue: Ohio Water Development Authority sells $321.71 million water pollution control bonds
By Sheri Kasprzak
New York, Jan. 12 - Ohio Water Development Authority sold $321.705 million in series 2010A tax-exempt bonds on Tuesday, according to a pricing sheet.
The bonds (Aaa/AAA/) were sold through lead manager Morgan Stanley & Co. Inc. The co-managers were 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 bonds are due 2010 to 2030 with coupons from 1.25% to 5%.
Proceeds will be used to fund loans for pollution control projects throughout the state.
| Issuer: | Ohio Water Development Authority
|
| Issue: | Series 2010A tax-exempt bonds
|
| Amount: | $321.705 million
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. Inc. (lead), 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. (co-managers)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | Jan. 12
|
| Settlement date: | Jan. 28
|
|
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 1.25% | 100.378
|
| 2011 | Serial | 3% | 103.242
|
| 2012 | Serial | 3% | 104.902
|
| 2013 | Serial | 3.25% | 106.592
|
| 2014 | Serial | 4% | 110.247
|
| 2015 | Serial | 4% | 109.551
|
| 2016 | Serial | 2.75% | 101.514
|
| 2017 | Serial | 3.5% | 104.816
|
| 2018 | Serial | 4% | 107.099
|
| 2019 | Serial | 3.25% | 99.837
|
| 2020 | Serial | 3.375% | 100.000
|
| 2021 | Serial | 4% | 104.638
|
| 2021 | Serial | 5% | 112.926
|
| 2022 | Serial | 5% | 112.393
|
| 2023 | Serial | 5% | 111.774
|
| 2024 | Serial | 5% | 111.16
|
| 2025 | Serial | 5% | 110.55
|
| 2026 | Serial | 5% | 109.944
|
| 2027 | Serial | 5% | 109.341
|
| 2028 | Serial | 5% | 108.828
|
| 2029 | Serial | 5% | 108.318
|
| 2030 | Serial | 5% | 107.726
|
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