Loop Capital Markets served as senior manager for Ohio Water Development Authority’s $150 million Water Development Revenue Bonds, Fresh Water Series 2019 transaction

On November 5, 2019, Loop Capital Markets served as senior manager for the $150 million of Water Development Revenue Bonds, Fresh Water Series 2019, rated Aaa/AAA by Moody’s and S&P. The transaction had a 25-year final maturity with an average life of 18 years; the yield-to-call for the transaction was 2.092% and the yield-to-maturity was 3.060%. 26 investors participated in the transaction including an international bank portfolio. Buyers primarily consisted of real money accounts led by bond funds followed by property/trading, SMAs, insurance companies, among others.