By Sheri Kasprzak
New York, Aug. 11 - The Ohio Water Development Authority priced $101.21 million of series 2011A water pollution control loan fund refunding revenue bonds, said a pricing sheet.
The bonds (Aaa/AAA/) were sold through senior manager Goldman Sachs & Co. The co-managers were J.P. Morgan Securities LLC, Cabrera Capital Markets LLC, Fifth Third Securities Inc. and Wells Fargo Securities LLC.
The bonds are due 2015 to 2019 with coupons from 4% to 5%.
Proceeds will be used to refund the authority's series 2004 water quality revenue bonds.
| Issuer: | Ohio Water Development Authority
|
| Issue: | Series 2011A water pollution control loan fund refunding revenue bonds
|
| Amount: | $101.21 million
|
| Type: | Negotiated
|
| Underwriters: | Goldman Sachs & Co. (lead), J.P. Morgan Securities LLC, Cabrera Capital Markets LLC, Fifth Third Securities Inc. and Wells Fargo Securities LLC (co-managers)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | Aug. 11
|
| Settlement date: | Aug. 23
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2.07 million | 2015 | Serial | 4% | 112.104
|
| $11.55 million | 2015 | Serial | 5% | 117.558
|
| $10 million | 2015 | Serial | 5% | 115.817
|
| $1.53 million | 2016 | Serial | 4% | 113.744
|
| $11.185 million | 2016 | Serial | 5% | 119.695
|
| $10 million | 2016 | Serial | 5% | 118.388
|
| $11.17 million | 2017 | Serial | 5% | 119.832
|
| $11.27 million | 2017 | Serial | 5% | 120.808
|
| $11.25 million | 2018 | Serial | 5% | 120.667
|
| $10.095 million | 2018 | Serial | 5% | 121.566
|
| $11.09 million | 2019 | Serial | 5% | 121.405
|
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