Ohio Water Development Authority - Serving Ohio Since 1968

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Interest Rates

Period:

11/1/2019 - 12/31/2019

OWDA Market Rate Program


Loan Terms 5 to 20 Years:  2.35%
Loan Terms 21 to 30 Years:  2.53%

Community Assistance


Loan Terms 5 to 20 Years:  0.50%
Loan Terms 21 to 30 Years:  0.75%

Loan Advance Program


Loan Term up to 3 Years: 2.06%

WPCLF and DWAF Rates


Loan Terms 5 to 20 Years
Standard Rate:  1.10%
Small Systems:  0.60%

Loan Terms 21 to 30 Years
Standard Rate:  1.23%
Small Systems:  0.73%

Loan Terms 31 to 45 Years *
Standard Rate:  1.38%
Small Systems:  0.88%

* Applies to WPCLF Program only.

Loan Applicatons

Reminder:  Loan applications are due the 1st of each month, except for November (no meeting) and December.   The deadline for applications for the December board meeting is November 5.


                           

News and Updates

$37,400,000
Drinking Water Assistance Fund
Revenue Refunding Bonds 
Series 2019B
Sale date: November 14, 2019


Water Street, NYC           



$150,000,000
Water Development Revenue Bonds
Fresh Water Series 2019A

On November 5, 2019, Loop Capital Markets served as Senior Manager for $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 were primarily real money accounts led by bonds funds such as BlackRock, Franklin Templeton and Nuveen. Additional buyers included bank portfolios, insurance companies and SMAs, among others.



Governing Body

Ohio State Flag

Mike DeWine

Governor


James V. Stewart

Chairman 


Ken J. Heigel, P.E.

Executive Director

Board Members

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SEC Municipal Advisor Notice

Contact Us

480 South High Street
Columbus, Ohio 43215

614-466-5822 (Main)
614-644-9964 (Fax)
614-448-3367 (HR Fax)
877-OWDA-123 (Toll Free)

Meetings

Board Meetings:

The next scheduled Board Meeting is Thursday, January 20, 2020 at 10:30 a.m. at the Ohio Water Development Authority, 480 South High Street, Columbus, Ohio. 
There is no meeting in November. 

Ohio Rural Community Assistance Program (RCAP) Seminars.

Click here for full seminar schedule of topics, dates and times.

Publications

2018 Annual Report


Audited Financial Statement


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