Ohio plans to price $140 million G.O. highway capital improvement bonds

By Cristal Cody

Springdale, Ark., April 7 - Ohio expects to price $140 million general obligation highway capital improvement bonds, according to a preliminary official statement released Monday.

The series L Buckeye Savers program bonds (Aa1/AAA/AA+) have maturities from 2009 through 2018.

The pricing date could not be determined by press time, but delivery is expected by May.

Merrill Lynch & Co. is the senior underwriter. Co-managers are Fifth Third Securities Inc.; Butler, Wick & Co.; Goldman, Sachs & Co.; the Huntington Investment Co.; JPMorgan; Morgan Stanley and NatCity Investments.

Proceeds will be used to fund highway capital improvement projects.

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