Oklahoma Water Resources preps $85.32 million sale of revenue bonds

By Sheri Kasprzak

New York, Oct. 16 - The Oklahoma Water Resources Board is set to price $85,315,000 of series 2012B revolving fund revenue bonds, according to a preliminary official statement.

The bonds (Aaa/AAA/AAA) will be sold through senior manager Bank of America Merrill Lynch. The co-managers are BOSC Inc., J.P. Morgan Securities LLC and Wells Nelson & Associates LLC.

The bonds are due 2014 to 2033.

Proceeds will be used to make subsidized loans to qualified local governments to make improvements to wastewater treatment facilities.

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