By Sheri Kasprzak
New York, Sept. 16 - The Ohio Water Development Authority brought to market $145.29 million in series 2010C water pollution control loan fund refunding revenue bonds on Thursday, said a partial pricing sheet.
The bonds (Aaa/AAA/) are due 2018 to 2022 with 2.5% to 5% coupons. The full pricing data was not immediately available.
J.P. Morgan Securities Inc. was the senior manager with Rice Financial Products Co., Jefferies & Co. and Ross, Sinclaire & Associates LLC as the co-managers.
The proceeds will be used to refund the authority's series 2005B water quality bonds.
The Columbus-based authority provides financing for drinking water, wastewater and sewage projects.
| Issuer: | Ohio Water Development Authority
|
| Issue: | Series 2010C water pollution control loan fund refunding revenue bonds
|
| Amount: | $145.29 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities Inc. (lead), Rice Financial Products Co., Jefferies & Co. and Ross, Sinclaire & Associates LLC (co-managers)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | Sept. 16
|
| Settlement date: | Sept. 30
|
|
|
| Maturity | Type | Coupon
|
| 2018 | Serial | 2.5%
|
| 2018 | Serial | 5%
|
| 2019 | Serial | 5%
|
| 2019 | Serial | 5%
|
| 2020 | Serial | 5%
|
| 2020 | Serial | 5%
|
| 2021 | Serial | 3%
|
| 2021 | Serial | 5%
|
| 2022 | Serial | 5%
|
| 2022 | Serial | 5%
|
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