By Sheri Kasprzak
New York, Nov. 19 - The Ohio Water Development Authority sold $50 million of series 2012-13 water pollution control loan fund notes, according to a pricing sheet. The authority was authorized to sell up to $400 million of the notes.
The notes (/AAA/) were sold through J.P. Morgan Securities LLC.
The notes are due July 15, 2035, and bear interest at the Sifma average index rate plus 40 basis points.
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.
| Issuer: | Ohio Water Development Authority
|
| Issue: | Series 2012-13 water pollution control loan fund notes
|
| Amount: | $50 million
|
| Maturity: | July 15, 2035
|
| Coupon: | Sifma average index rate plus 40 bps
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Ratings: | Standard & Poor's: AAA
|
| Pricing date: | Nov. 14
|
| Settlement date: | Nov. 20
|
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