Ohio Water Development to sell $166.6 million revenue bonds Wednesday

By Sheri Kasprzak

New York, March 7 – The Ohio Water Development Authority is scheduled to price $166.62 million of series 2016A fresh water development revenue bonds on Wednesday, according to 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 PNC Capital Markets LLC, Citigroup Global Markets Inc., Drexel Hamilton LLC and IFS Securities Inc.

The bonds are due 2028 to 2036.

Proceeds will be used to make loans to qualified government entities to make fresh water system improvements.

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