Ohio to sell $50 million of revitalization project BANs

By Sheri Kasprzak

New York, May 19 - The State of Ohio plans to price $50 million of series 2011A revitalization project bond anticipation notes, according to a preliminary official statement.

The notes (MIG1/SP-1+/F1+) will be sold on a negotiated basis with Bank of America Merrill Lynch as the lead manager. The co-managers are KeyBanc Capital Markets Inc., RBC Capital Markets LLC, Baird & Co. and Ross, Sinclaire & Associates LLC.

The notes are due June 1, 2012.

Proceeds will be used to foster the environmentally sound and productive development, use or reuse of public and private lands within the state.

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