By Aaron Hochman-Zimmerman
New York, Feb. 24 - The State of Ohio priced $60 million series 2009A third frontier research and development general obligation bonds (Aa1/AA+/AA+), according to Larry Schlopak of the debt management office.
Terms were not immediately available.
PNC Capital Markets LLC acted as lead manager for the negotiated bonds which carry serial maturities from 2010 to 2018.
Proceeds from the sale will be used to pay for authorized research and development projects.
Issuer: State of Ohio
Issue: Series 2009A third frontier research and development general obligation bonds
| Amount: | $60 million
|
| Maturities: | 2010 to 2018
|
| Underwriter: | PNC Capital Markets LLC
|
| Pricing date: | Feb. 24
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Fitch: AA+
|
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