Published on 7/9/2013 in the Prospect News Municipals Daily.
New Issue: Ohio Water Development brings $111.88 million fresh water revenue bonds
By Sheri Kasprzak
New York, July 9 - The Ohio Water Development Authority sold $111.88 million of series 2013A fresh water development revenue bonds, according to a pricing sheet.
The bonds (Aaa/AAA/) were sold through senior manager Ramirez & Co. Inc.
The bonds are due 2013 to 2023 with 2% to 5% coupons and 0.18% to 2.82% yields.
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.
Issuer: | Ohio Water Development Authority
|
Issue: | Series 2013A fresh water development revenue bonds
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Amount: | $111.88 million
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Type: | Negotiated
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Underwriters: | Ramirez & Co. Inc. (lead), Jefferies & Co. Inc., Cabrera Capital Markets LLC, Drexel Hamilton LLC, M.R. Beal & Co. and Ross, Sinclaire & Associates (co-managers)
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Pricing date: | July 2
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Settlement date: | July 23
|
|
Amount | Maturity | Type | Coupon | Yield
|
$1.5 million | 2013 | Serial | 2% | 0.18%
|
$1.5 million | 2014 | Serial | 2% | 0.21%
|
$8,815,000 | 2018 | Serial | 5% | 1.61%
|
$9,575,000 | 2019 | Serial | 5% | 1.83%
|
$11.3 million | 2019 | Serial | 5% | 1.9%
|
$10.52 million | 2020 | Serial | 5% | 2.1%
|
$10.81 million | 2020 | Serial | 5% | 2.18%
|
$11.06 million | 2021 | Serial | 5% | 2.38%
|
$11.75 million | 2021 | Serial | 5% | 2.46%
|
$11.4 million | 2022 | Serial | 5% | 2.66%
|
$11,825,000 | 2022 | Serial | 5% | 2.72%
|
$11,825,000 | 2023 | Serial | 5% | 2.82%
|
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