Ohio plans to sell $271.37 million G.O. refunding bonds Jan. 6

By Sheri Kasprzak

New York, Dec. 30 - The State of Ohio is expected to price $271.37 million in series 2010 general obligation bonds on Jan. 6, according to an offering calendar.

The bonds (/AA/AA) will be sold through senior managers Bank of America Merrill Lynch and J.P. Morgan Securities Inc.

The co-managers include Barclays Capital Inc., Edward Jones & Co., Fifth Third Securities Inc., Huntington Investment Co., Jackson Securities LLC, Rice Financial Products Co. and Stifel, Nicolaus & Co.

The offering includes $93.605 million in series 2010A higher education G.O. refunding bonds, $131.6 million in series 2010A common schools G.O. refunding bonds and $46.165 million in series 2010A infrastructure G.O. refunding bonds.

The bonds are due 2013 to 2021.

Proceeds will be used to refund existing debt used to fund higher education, common schools and infrastructure costs.

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