Ohio plans to price $50 million revitalization project bonds in retail and institutional sales

By Cristal Cody

Springdale, Ark., April 2 - Ohio expects to price $50 million revitalization project bonds in retail and institutional sales, the state treasurer's office reported Wednesday.

The series 2008A bonds (A1/AA-/) will price on April 9 for retail investors and on April 10 for institutional investors, said Rodney Nespeza, assistant director of the state's debt management office.

The bonds have serial maturities from Oct. 1, 2008 through Oct. 1, 2022.

PNC Capital Markets is the senior manager of the negotiated sale. Co-managers are Siebert Brandford Shank & Co., Wachovia Bank and Keybanc Capital Markets.

Proceeds will be used to pay for the development or use of publicly and privately owned land in the state.

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