Ohio Water Development to sell $111.88 million revenue bond offering

By Sheri Kasprzak

New York, June 26 - The Ohio Water Development Authority plans to price $111.88 million of series 2013A fresh water development revenue bonds, the issuer disclosed in a preliminary official statement.

The bonds (Aaa/AAA/) will be sold on a negotiated basis with Ramirez & Co. Inc. as the senior manager. The co-managers are Jefferies & Co. Inc., Cabrera Capital Markets LLC, Drexel Hamilton LLC, M.R. Beal & Co. and Ross, Sinclaire & Associates.

The bonds are due 2013 to 2023.

Proceeds will be used to refund the authority's series 1995, 1998, 2001A-B, 2002, 2004, 2005, 2009A-B and 2010A-B fresh water revenue bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.