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Ohio Water Development plans to sell $451.36 million revenue bonds
By Cristal Cody
Tupelo, Miss., Aug. 3 - The Ohio Water Development Authority plans to sell $451.355 million in series 2010B water pollution control loan fund revenue bonds (Aaa/AAA/), according to a preliminary official statement.
Morgan Stanley & Co. Inc. is the senior manager of the negotiated sale. Co-managers are Barclays Capital Inc.; Citigroup Global Markets Inc.; Goldman Sachs & Co.; Cabrera Capital Markets, Inc.; KeyBanc Capital Markets, Inc.; Fidelity Capital Markets Inc.; the Huntington Investment Co.; and MFR Securities, Inc.
Proceeds will be used for the Water Pollution Control Loan Fund and to fund the debt service reserve fund for the series 2010B water quality bonds.
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