Ohio to sell $296.74 million G.O. refunding bonds Sept. 16

By Sheri Kasprzak

New York, Sept. 8 - The state of Ohio intends to price $296.74 million in series 2008 general obligation refunding bonds on Sept. 16, according to a preliminary official statement released Monday.

The bonds (Aa1/AA+/AA+) will be sold on a negotiated basis with Citigroup Global Markets and Wachovia Bank as the senior managers. The co-managers are Butler Wick & Co., Edward Jones, Fifth Third Securities, the Huntington Investment Co., KeyBanc Capital Markets, Merrill Lynch, Rice Financial Products and Ross Sinclaire & Associates.

The sale includes $240 million in series 2008A bonds and $56.74 million in series 2008B bonds. The 2008A bonds are due from 2009 to 2028 and the 2008B bonds are due from 2009 to 2014.

Proceeds will be used for capital improvement projects.

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