Ohio preps $61.99 million sale of capital facilities refunding bonds

By Sheri Kasprzak

New York, March 18 - The State of Ohio plans to sell $61.99 million of series 2013 capital facilities lease appropriation refunding bonds, according to a preliminary official statement.

The bonds (Aa2/AA/AA) will be sold on a negotiated basis with KeyBanc Capital Markets Inc. as the senior manager. The co-managers are Estrada Hinojosa & Co. Inc., Ross, Sinclaire & Associates LLC and PNC Capital Markets LLC.

The offering includes $50,815,000 of series 2013A administrative building project bonds and $11,175,000 of series 2013A parks and recreation fund bonds.

The administrative building bonds are due 2013 to 2024, and the parks and recreation bonds are due 2013 to 2019.

Proceeds will be used to refund the state's series 2004A and 2005A lease appropriation bonds.

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