Ohio's $186.58 million G.O. refunding bond sale scheduled for May 4

By Sheri Kasprzak

New York, April 24 - Ohio is set to sell its previously announced $186.58 million in series 2009 general obligation refunding bonds on May 4, according to a calendar of offerings.

The bonds (Aa1/AA+/AA+) will be sold on a negotiated basis with Merrill Lynch & Co. and Fifth Third Securities Inc. as the lead managers.

The co-managers are Barclays Capital Inc., Citigroup Global Markets Inc., Edward D. Jones & Co., Huntington Investment Co., J.P. Morgan Securities Inc., KeyBanc Capital Markets Inc. and Morgan Stanley & Co. Inc.

The sale includes $73.255 million in series 2009B higher-education G.O. refunding bonds, $63.39 million in series 2009B common schools G.O. refunding bonds and $49.935 million in series 2009B infrastructure G.O. refunding bonds.

Proceeds will be used to refund bonds used for higher education, common schools or infrastructure projects.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.