By Sheri Kasprzak
New York, May 20 – The Ohio Water Development Authority priced $100 million of series 2015A taxable fresh water development revenue floating-rate notes, according to a pricing sheet.
The notes (/SP-1+/) were sold through J.P. Morgan Securities LLC.
The notes are due May 1, 2038 and bear interest at three-month Libor plus 10 basis points.
Proceeds will be used to make loans to qualified local government agencies to construct, equip, install and repair wastewater, sewage and water supply facilities.
Issuer: | Ohio Water Development Authority
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Issue: | Series 2015A taxable fresh water development revenue floating-rate notes
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Amount: | $100 million
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Maturity: | May 1, 2038
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Underwriter: | J.P. Morgan Securities LLC
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Coupon: | Libor plus 10 bps
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Price: | 100
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Yield: | Libor plus 10 bps
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Type: | Negotiated
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Rating: | Standard & Poor’s: SP-1+
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Pricing date: | May 12
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Settlement date: | May 21
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