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Ohio Water Development preps $135 million of drinking water fund bonds
By Sheri Kasprzak
New York, July 12 – The Ohio Water Development Authority is set to price $135 million of series 2016 drinking water assistance fund revenue bonds, according to a preliminary official statement.
The bonds will be sold on a negotiated basis with BofA Merrill Lynch and KeyBanc Capital Markets Inc. as the senior managers. The co-managers are Blaylock Beal Van LLC, FTN Financial Capital Markets Inc. and William Blair & Co.
The bonds are due 2020 to 2037.
Proceeds will be used to finance loans to qualified government entities for drinking water projects.
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