Ohio Water Development readies $400 million sale of water pollution control notes

By Sheri Kasprzak

New York, Nov. 7 - The Ohio Water Development Authority plans to come to market with up to $400 million of series 2012-13 water pollution control loan fund notes, according to a preliminary official statement.

The notes (/AAA/) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the underwriter.

The notes are due July 15, 2035.

Proceeds will be used to refund the authority's series 2002, 2003, 2004, 2005, 2005B, 2009, 2010, 2010B-C, 2011A-B and 2012A water quality bonds.

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