Ohio scheduled to price $256.12 million of G.O. bonds Tuesday

By Sheri Kasprzak

New York, June 11 - The State of Ohio plans to come to market Tuesday with $256,115,000 of series 2012 general obligation bonds, said a preliminary official statement.

The offering included $127,785,000 of series 2012C common schools G.O. refunding bonds, $82.63 million of series 2012C higher education G.O. refunding bonds, $15,385,000 of series 2012C infrastructure improvement G.O. refunding bonds, $15.14 million of series 2012A conservation projects G.O. refunding bonds and $15,175,000 of series R natural resources G.O. refunding bonds.

The bonds will be sold competitively with Public Financial Management Inc. as the financial adviser.

The common schools bonds are due 2016 to 2023 and the higher education bonds are due 2017 to 2023. The infrastructure improvement bonds are due 2022 to 2023 and the conservation projects bonds are due 2015 to 2018. The natural resources bonds are due 2013 to 2019.

Proceeds will be used to refund the state's series 2004A-B common schools G.O.s, series 2004A and 2005A higher education G.O.s, series 2004D infrastructure improvement G.O.s, series 2004A conservation projects G.O. bonds and series I and series K natural resources G.O.s.

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