Ohio intends to sell $303 million of G.O. bonds on May 23

By Sheri Kasprzak

New York, May 11 - The State of Ohio plans to price $303 million of series 2012 general obligation bonds on May 23, according to a preliminary official statement.

The deal includes $280 million of series 2012B common school G.O. bonds and $23 million of series Q natural resources G.O. bonds.

The bonds (Aa1/AA+/AA+) will be sold competitively with Public Financial Management Inc. as the financial adviser.

The 2012B bonds are due 2013 to 2032, and the series Q bonds are due 2013 to 2027.

Proceeds will be deposited into the state's school building program assistance fund and its natural resources projects bond service fund.

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