Ohio puts sale of $385 million revenue bonds on day-to-day status

By Cristal Cody

Tupelo, Miss., Oct. 15 - Ohio put off an expected sale on Wednesday of $385 million infrastructure project revenue bonds and placed the sale on day-to-day status, a source told Prospect News.

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

Morgan Stanley & Co. 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.

The proceeds will be used to finance highway and bridge projects.

© 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.