Ohio to price $215 million state infrastructure project revenue bonds

By Sheri Kasprzak

New York, May 10 - The State of Ohio is set to sell $215 million in series 2010 major new state infrastructure project revenue bonds, according to a preliminary official statement.

The sale includes $97.73 million in series 2010-1 tax-exempt bonds and $117.27 million in series 2010-2 Build America Bonds.

The bonds (Aa1/AA/AA-) will be sold through senior manager Bank of America Merrill Lynch. The co-managers are KeyBanc Capital Markets Inc.; Siebert Brandford Shank & Co. LLC; Rice Financial Products Co.; Loop Capital Markets LLC; Mesirow Financial Inc.; Ross, Sinclaire & Associates Inc; Stifel, Nicolaus & Co. Inc.; and Wells Fargo Securities Inc.

The 2010-1 bonds are due 2011 to 2015, and the 2010-2 bonds are due 2016 to 2021.

Proceeds will be used to finance bridge and highway improvement projects throughout the state.

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