Ohio to price $385 million infrastructure project revenue bonds

By Cristal Cody

Tupelo, Miss., Oct. 8 - Ohio expects to price $385 million infrastructure project revenue bonds in the upcoming week, a source said Wednesday.

The series 2008-1 bonds (Aa2/AA/AA-) have serial maturities from 2009 through 2020.

Morgan Stanley is the senior manager of the negotiated sale. Co-managers are Fifth Third Securities, Butler Wick & Co., J.P. Morgan Securities Inc., Citigroup Global Markets, KeyBanc Capital Markets Inc., Goldman, Sachs & Co., Merrill Lynch & Co., the Huntington Investment Co., NatCity Investments Inc. and Siebert Brandford Shank & Co.

Proceeds will be used to finance highway and bridge projects in the state.

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