Stable Account
  • Proven credit enhancement program for Ohio municipal issuers
  • Issuers achieve significant interest cost savings
  • The Bond Buyer “Deal of the Year” award winning program

Helping Ohio local governments & schools by lowering their borrowing costs when issuing short-term notes.

LEARN MORE ABOUT OMAP

What are the benefits?

Lower
Borrowing Costs

Credit enhancement saves money on debt service for Ohio municipal issuers

Strengthened
Credit Quality

Standard & Poor’s has assigned its highest municipal short-term note rating “SP-1+” to notes issued through OMAP

Improved Marketability

Leverages the state’s high short-term credit rating to help improve market access

How it works

  • Submit an application

    In advance of a planned note sale, submit an application, financial statements and other pertinent credit information

  • Standby note purchase agreement

    If approved, the municipal issuer then enters into a standby note purchase agreement with the Treasurer's office and a paying agent

  • Standard & Poor’s confirmation

    Standard and Poor's performs a streamlined analysis of the application and agreement to confirm that all essential program elements are met and then rates the note SP-1+

  • Sell your note

    The issuer and underwriting team sells their note to the market with OMAP credit enhancement

Recent Deals

Below are some recent examples of Ohio municipal issuers taking advantage of OMAP resulting in real savings: 
  • Berea 1
    City of Berea
  • Worthington 1
    City of Worthington
  • Belmont County
  • Mason 1
    Mason City School District
  • City of Youngstown
  • City of Wapakoneta (AMP)
  • City of Tiffin
  • City of Hamilton

Still have questions?

If you can’t find what you’re looking for or need assistance, we can help!  Contact us: