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Franklin County Convention Facilities, Ohio, plans $160 million bonds
By Sheri Kasprzak
New York, Jan. 14 - The Franklin County Convention Facilities Authority of Ohio is expected to bring to market $160 million in series 2010 lease revenue anticipation bonds, according to a preliminary official statement.
The bonds (Aa2/AA/) will be sold through senior manager PNC Capital Markets LLC. The co-managers are Rice Financial Products Co. and The Huntington Investment Co.
The bonds are due 2016 to 2020 with term bonds due 2025, 2030 and 2042.
Proceeds will be used to construct, equip and furnish a full-service convention center hotel and auxiliary facilities, as well as to make a deposit to a bond reserve fund.
The county seat of Franklin County is Columbus, Ohio.
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