By Sheri Kasprzak
New York, Dec. 13 - The Ohio Water Development Authority sold $150 million of series 2013-14 water pollution control loan fund notes, according to an official statement.
The notes (/AAA/) were sold through J.P. Morgan Securities LLC.
The notes are due July 15, 2036 and bear interest at the Sifma index plus 40 basis points.
Proceeds will be used to finance loans for water pollution control projects, as well as to retire existing debt issued for the fund.
| Issuer: | Ohio Water Development Authority
|
| Issue: | Series 2013-14 water pollution control loan fund notes
|
| Amount: | $150 million
|
| Maturity: | July 15, 2036
|
| Interest rate: | Sifma index plus 40 bps
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Rating: | Standard & Poor's: AAA
|
| Pricing date: | Dec. 5
|
| Settlement date: | Dec. 17
|
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