Ohio to sell $430.8 million of various purpose G.O. bonds

By Sheri Kasprzak

New York, March 19 - The State of Ohio is prepared to price $430.8 million of series 2012 general obligation bonds on Tuesday, according to a sales calendar.

The bonds (Aa1/AA+/AA+) will be sold through J.P. Morgan Securities LLC.

The deal includes $300 million of series 2012A higher education G.O. bonds, $91.2 million of series 2012B higher education G.O. refunding bonds and $39.6 million of series 2012B infrastructure improvement G.O. refunding bonds.

Proceeds from the offering will be used to finance capital improvements to state-supported and state-assisted higher education institutions, as well as refund outstanding bonds for a net present value savings.

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