Ohio intends to issue $300 million higher education G.O. bonds

By Sheri Kasprzak

New York, Nov. 12 - The State of Ohio is expected to price $300 million of series 2010 higher education general obligation bonds, according to a preliminary official statement.

The offering includes $82.255 million of series 2010D tax-exempt bonds and $217.475 million of series 2010E Build America Bonds.

The bonds will be priced on a negotiated basis with the Huntington Investment Co. and Barclays Capital Inc. as the lead managers. The co-managers are Bank of America Merrill Lynch; Baird & Co.; Estrada Hinojosa & Co. Inc.; Goldman Sachs & Co.; KeyBanc Capital Markets Inc.; Lebenthal & Co.; and Mesirow Financial Inc.

The 2010D bonds are due 2012 to 2018. The 2010E bonds are due 2019 to 2030.

Proceeds will be used to fund capital needs for state-supported higher education facilities.

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