Ohio to price $296.74 million G.O., G.O. refunding bonds

By Sheri Kasprzak

New York, Sept. 22 - The state of Ohio intends to price $296.74 million in series 2008 general obligation and general obligation refunding bonds as early as this week, according to a preliminary official statement Monday.

The exact pricing date has not been set.

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

The sale includes $240 million in series 2008A infrastructure improvement general obligation bonds, which are due 2009 to 2028, and $56.74 million in series 2008B infrastructure improvement general obligation refunding bonds, which are due 2009 to 2014.

Proceeds will be used for financing local subdivision capital improvement projects approved by the state's General Assembly.

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