Ohio plans $50 million development assistance bonds in two tranches

By Aaron Hochman-Zimmerman

New York, June 5 - Ohio will sell $50 million in series 2009 development assistance bonds (Aa3/AA/A+) on Wednesday, according to Jake Wozniak, director of debt management.

The $26.13 million series 2009A bonds are tax exempt, while the $23.87 million series 2009B issue will be sold as taxable Build America Bonds.

Both are 20-year obligations with the first maturity on Oct. 1, 2010.

Goldman, Sachs & Co. will act as underwriter for the negotiated deal.

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