Ohio arranges $115 million sale of revitalization project BANs

By Sheri Kasprzak

New York, May 21 - The State of Ohio plans to price $115 million of series 2012 revitalization project bonds, according to a preliminary official statement.

The deal includes $100 million of series 2012A notes and $15 million of series 2012B notes.

The notes (MIG1/SP-1+/F1+) will be sold on a negotiated basis with Morgan Stanley & Co. LLC.

The notes are due May 30, 2013.

Proceeds will be used to provide money for loans to local entities for revitalization projects and to refund existing debt.

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