Ohio Water Development to sell $145.29 million refunding bonds

By Sheri Kasprzak

New York, Sept. 10 - The Ohio Water Development Authority is expected to price $145.29 million in series 2010C water pollution control loan fund refunding revenue bonds, according to a preliminary official statement.

The sale is set for Wednesday, according to a sales calendar.

The bonds (Aaa/AAA/) will be sold on a negotiated basis with J.P. Morgan Securities Inc. as the senior manager. The co-managers are Rice Financial Products Co., Jefferies & Co. and Ross, Sinclaire & Associates LLC.

The bonds are due 2017 to 2025.

Proceeds will be used to refund the authority's series 2005B water quality bonds.

Based in Columbus, Ohio, the authority provides financing to local governments for solid waste and water pollution control projects.

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