Ohio sets Tuesday as pricing date for $140 million in G.O. bonds

By Sheri Kasprzak

New York, April 21 - The State of Ohio plans to price its previously announced $140 million in series L general obligation highway capital improvement bonds on Tuesday, according to a calendar of offerings.

The bonds (Aa1/AAA/AA+) will be sold on a negotiated basis with Merrill Lynch as the lead manager and Citigroup Global Markets as the co-manager.

The bonds are due from 2009 to 2018.

Proceeds will be used for highway capital improvement projects.

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