Ohio coordinates $339.56 million water pollution control revenue bonds

By Sheri Kasprzak

New York, April 16 - The State of Ohio plans to price $339.56 million of series 2014 water pollution control loan fund revenue bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Morgan Stanley & Co. LLC and Piper Jaffray & Co. as the senior managers. The co-managers Duncan-Williams Inc., The Huntington Investment Co., Lebenthal & Co. LLC, Loop Capital Markets LLC, Mesirow Financial Inc. and Wells Fargo Securities LLC.

The bonds are due 2018 to 2024.

Proceeds will be used to make loans to qualified local government units for water pollution control projects, as well as to refund the state's series 2013A water pollution control loan fund notes.

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