Ohio coordinates $85 million general obligation offering for Wednesday

By Sheri Kasprzak

New York, Nov. 12 - The State of Ohio is expected to price $85 million of series 2013A general obligation bonds on Wednesday, according to a preliminary official statement.

The deal includes $50 million of series 2013A conservation projects G.O. bonds and $35 million of series 2013A job ready site development G.O. bonds.

The conservation projects bonds are due 2015 to 2028 and the job ready site bonds are due 2014 to 2022.

The bonds (Aa1/AA+/AA+) will be sold competitively with Acacia Financial Group as the financial adviser.

Proceeds will be used to finance open space and other conservation projects in the state, as well as to purchase and develop land and other facilities for job creation projects.

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