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Ohio organizes $400 million general obligation bond sale for Thursday
By Sheri Kasprzak
New York, Sept. 13 - The State of Ohio plans to price $400 million of series 2013 general obligation bonds on Thursday, according to a preliminary official statement.
The bonds (Aa1/AA+/AA+) will be sold competitively with Public Financial Management Inc. as the financial adviser.
The offering includes $300 million of series 2013B tax-exempt common schools G.O. bonds and $100 million of series 2013B taxable Third Frontier Research and Development G.O. bonds.
The common schools bonds are due 2014 to 2033. The Third Frontier Research and Development bonds are due 2014 to 2023.
Proceeds will be used to finance capital facilities for common schools within the state and to fund research and development projects.
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