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Published on 6/7/2011 in the Prospect News Municipals Daily.

New Issue: Ohio brings to market $50 million of 0.35% BANs priced at par

By Sheri Kasprzak

New York, June 7 - The State of Ohio priced $50 million of series 2011A revitalization project bond anticipation notes, said an official statement.

The notes (MIG 1/SP-1+/F1+) were sold through Bank of America Merrill Lynch with KeyBanc Capital Markets Inc., RBC Capital Markets LLC, Baird & Co. and Ross, Sinclaire & Associates LLC as the co-managers.

The notes are due June 1, 2012 and have a 0.35% coupon priced at par.

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

Issuer:State of Ohio
Issue:Series 2011A revitalization project bond anticipation notes
Amount:$50 million
Maturity:June 1, 2012
Coupon:0.35%
Price:100
Type:Negotiated
Underwriters:Bank of America Merrill Lynch (lead), KeyBanc Capital Markets Inc., RBC Capital Markets LLC, Baird & Co. and Ross, Sinclaire & Associates LLC (co-managers)
Ratings:Moody's: MIG 1
Standard & Poor's: SP-1+
Fitch: F1+
Pricing date:June 1
Settlement date:June 9

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