By Sheri Kasprzak
New York, May 20 – The Ohio Water Development Authority priced $100 million of series 2015A taxable fresh water development revenue floating-rate notes, according to a pricing sheet.
The notes (/SP-1+/) were sold through J.P. Morgan Securities LLC.
The notes are due May 1, 2038 and bear interest at three-month Libor plus 10 basis points.
Proceeds will be used to make loans to qualified local government agencies to construct, equip, install and repair wastewater, sewage and water supply facilities.
| Issuer: | Ohio Water Development Authority
|
| Issue: | Series 2015A taxable fresh water development revenue floating-rate notes
|
| Amount: | $100 million
|
| Maturity: | May 1, 2038
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Coupon: | Libor plus 10 bps
|
| Price: | 100
|
| Yield: | Libor plus 10 bps
|
| Type: | Negotiated
|
| Rating: | Standard & Poor’s: SP-1+
|
| Pricing date: | May 12
|
| Settlement date: | May 21
|
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