Ohio arranges $1.45 billion sale of bonds for turnpike commission

By Sheri Kasprzak

New York, Jan. 4 - The State of Ohio is set to price $1.45 billion of bonds for the Ohio Turnpike Commission, according to a statement from Fitch Ratings.

The offering comes after a 10-month study from Gov. John Kasich's office, evaluating different options, including privatization.

Proceeds from the deal will be used to finance transportation projects in northern Ohio.

The offering, according to Fitch, is not expected to negatively impact the quality of existing turnpike commission debt.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.