Ohio coordinates $110.3 million offering of G.O. bonds for Tuesday

By Sheri Kasprzak

New York, April 19 - The State of Ohio is scheduled to price $110.3 million of series 2013 general obligation bonds on Tuesday, according to a preliminary official statement.

The deal includes $100.3 million series 2013A tax-exempt Third Frontier Research and Development G.O. bonds and $10 million series 2013B taxable higher education G.O. bonds.

The bonds (Aa1/AA+/AA+) will be sold on a competitive basis with Acacia Financial Group Inc. as the financial adviser.

The 2013A bonds are due 2014 to 2023. The 2013B bonds are due 2014 to 2023.

Proceeds will be deposited into a fund for the Third Frontier Research and Development program, a program that funds research and development economic development programs, as well as to finance higher education facilities in the state.

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