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Published on 5/2/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Ohio Water Development calls $580.08 million of water quality bonds

By Tali Rackner

Norfolk, Va., May 2 - The Ohio Water Development Authority called $580.08 million from multiple series of its water quality bonds, according to notices.

The following series 2004 revenue bonds will be redeemed at par on June 1:

• $75.17 million of water quality bonds due June 1, 2022 to 2025 and Dec. 1, 2021 to 2024;

• $219.22 million of water quality water pollution control loan fund bonds due June 1, 2015 to 2025 and Dec. 1, 2014 to 2024;

• $60,215,000 of fresh water bonds due Dec. 1, 2014 to 2026, 2028 and 2034;

• $12.8 million of drinking water assistance fund bonds due Dec. 1, 2014 to 2018 and 2025; and

• $12,675,000 of water pollution control bonds due Dec. 1, 2014.

The following will be redeemed at par on May 8:

• $50 million of series 2012-13 water quality water pollution control loan fund floating-rate notes due July 15, 2035; and

• $150 million of series 2013-14 water quality water pollution control loan fund notes due July 15, 2036.

The Bank of New York Melon Trust Co., NA is the trustee agent.


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