By Sheri Kasprzak
New York, Feb. 23 - The Ohio Water Development Authority sold $62.92 million of series 2012A water pollution control revenue refunding bonds, according to a term sheet.
The bonds (/AAA/) were sold through RBC Capital Markets LLC. The co-managers were Citigroup Global Markets Inc., CastleOak Securities LP and Stifel, Nicolaus & Co. Inc.
The bonds are due 2012 to 2018 with 0.28% to 1.804% coupons. The 2012 and 2013 bonds were not reoffered. The others were priced at par.
Proceeds will be used to refund the authority's series 2005B water quality revenue bonds.
| Issuer: | Ohio Water Development Authority
|
| Issue: | Series 2012A water pollution control revenue refunding bonds
|
| Amount: | $62.92 million
|
| Type: | Negotiated
|
| Underwriters: | RBC Capital Markets LLC (lead), Citigroup Global Markets Inc., CastleOak Securities LP and Stifel, Nicolaus & Co. Inc. (co-managers)
|
| Rating: | Standard & Poor's: AAA
|
| Pricing date: | Feb. 23
|
| Settlement date: | March 7
|
|
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 0.28% | NRO
|
| 2012 | Serial | 0.40% | NRO
|
| 2013 | Serial | 0.50% | NRO
|
| 2013 | Serial | 0.55% | NRO
|
| 2014 | Serial | 0.586% | 100
|
| 2014 | Serial | 0.686% | 100
|
| 2015 | Serial | 0.814% | 100
|
| 2015 | Serial | 0.914% | 100
|
| 2016 | Serial | 1.214% | 100
|
| 2016 | Serial | 1.264% | 100
|
| 2017 | Serial | 1.464% | 100
|
| 2017 | Serial | 1.564% | 100
|
| 2018 | Serial | 1.804% | 100
|
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