By Sheri Kasprzak
New York, Aug. 1 – The Ohio Water Development Authority priced $135 million of series 2016 drinking water assistance fund revenue bonds, according to a pricing sheet.
The bonds (Aaa/AAA) were sold through BofA Merrill Lynch and KeyBanc Capital Markets Inc.
The bonds are due 2020 to 2037 with 3% to 5% coupons and yields from 0.87% to 2.42%.
Proceeds will be used to finance loans to qualified government entities for drinking water projects.
| Issuer: | Ohio Water Development Authority
|
| Issue: | Series 2016 drinking water assistance fund revenue bonds
|
| Amount: | $135 million
|
| Type: | Negotiated
|
| Underwriters: | BofA Merrill Lynch and KeyBanc Capital Markets Inc. (lead), Blaylock Beal Van LLC, FTN Financial Capital Markets Inc. and William Blair & Co. (co-managers)
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Pricing date: | July 21
|
| Settlement date: | Aug. 3
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $500,000 | 2020 | Serial | 4% | 113.264 | 0.87%
|
| $1.5 million | 2021 | Serial | 3% | 109.65 | 0.95%
|
| $2.5 million | 2021 | Serial | 5% | 120.643 | 1.01%
|
| $4 million | 2022 | Serial | 5% | 121.702 | 1.14%
|
| $4 million | 2022 | Serial | 5% | 123.087 | 1.20%
|
| $6.5 million | 2023 | Serial | 5% | 124.245 | 1.28%
|
| $6.5 million | 2023 | Serial | 5% | 125.541 | 1.33%
|
| $6.5 million | 2024 | Serial | 5% | 126.77 | 1.38%
|
| $6.5 million | 2024 | Serial | 5% | 127.932 | 1.43%
|
| $2.5 million | 2025 | Serial | 4% | 120.688 | 1.49%
|
| $4 million | 2025 | Serial | 5% | 128.931 | 1.49%
|
| $6.5 million | 2025 | Serial | 5% | 129.953 | 1.54%
|
| $6.5 million | 2026 | Serial | 5% | 130.803 | 1.60%
|
| $5.5 million | 2026 | Serial | 5% | 131.688 | 1.65%
|
| $5 million | 2027 | Serial | 5% | 131.023 | 1.71%
|
| $5 million | 2027 | Serial | 5% | 130.692 | 1.74%
|
| $4 million | 2028 | Serial | 5% | 130.033 | 1.80%
|
| $3.5 million | 2028 | Serial | 5% | 129.814 | 1.82%
|
| $3 million | 2029 | Serial | 5% | 129.487 | 1.85%
|
| $3 million | 2029 | Serial | 5% | 129.269 | 1.87%
|
| $6 million | 2030 | Serial | 4% | 116.345 | 2.22%
|
| $7 million | 2031 | Serial | 4% | 115.844 | 2.27%
|
| $4 million | 2032 | Serial | 4% | 115.347 | 2.32%
|
| $7 million | 2033 | Serial | 4% | 114.852 | 2.37%
|
| $6 million | 2034 | Serial | 4% | 114.359 | 2.42%
|
| $5.5 million | 2035 | Serial | 5% | 126.372 | 2.14%
|
| $5 million | 2036 | Serial | 5% | 125.949 | 2.18%
|
| $4.5 million | 2037 | Serial | 5% | 125.738 | 2.20%
|
© 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.
