Cleveland refunds $44.81 million of Ohio Waterworks series H, J bonds

By Susanna Moon

Chicago, Oct. 17 - The City of Cleveland refunded $1.94 million of its Ohio Waterworks improvement first mortgage revenue bonds, series 1996H, and $42.865 million of its Ohio Waterworks refunding revenue bonds, series 2001J.

The series H bonds have coupons of 5.6% to 5.75% and have maturities of 2012 though 2014, 2016, 2021 and 2026.

The series J bonds have a coupon of 5.375% and are due 2013 through 2016.

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