New Issue: Ohio prices $150 million infrastructure improvement G.O. debt

By Sheri Kasprzak

New York, Jan. 9 - The State of Ohio priced $150 million of series 2014A infrastructure improvement general obligation bonds, according to a pricing sheet.

The bonds were sold competitively. The issuer did not return calls Thursday for the winning bidder.

The bonds are due 2015 to 2034 with 2% to 5% coupons and 0.2% to 4.02% yields.

Proceeds will be used to finance capital improvements of local subdivisions.

Issuer:	State of Ohio
Issue:	Series 2014A infrastructure improvement general obligation bonds
Amount:	$150 million
Type:	Competitive
Pricing date:	Jan. 8
Settlement date:	Jan. 22
Amount	Maturity	Type	Coupon	Price	Yield
$4,125,000	2015	Serial	2%	101.991	0.20%
$5,055,000	2016	Serial	2%	103.419	0.37%
$5.26 million	2017	Serial	2%	104.304	0.60%
$5.47 million	2018	Serial	3%	108.24	0.95%
$5.69 million	2019	Serial	4%	112.878	1.38%
$5,915,000	2020	Serial	4%	112.547	1.82%
$6,155,000	2021	Serial	4%	111.783	2.20%
$6.4 million	2022	Serial	4%	110.867	2.51%
$6,655,000	2023	Serial	5%	118.105	2.74%
$6.99 million	2024	Serial	5%	118.282	2.90%
$7,335,000	2025	Serial	5%	113.988	3.04%
$7,705,000	2026	Serial	5%	112.914	3.18%
$8.09 million	2027	Serial	5%	111.702	3.34%
$8,495,000	2028	Serial	5%	110.506	3.50%
$8.92 million	2029	Serial	5%	109.618	3.62%
$9,365,000	2030	Serial	5%	108.885	3.72%
$9.83 million	2031	Serial	5%	108.23	3.81%
$10,325,000	2032	Serial	5%	107.579	3.90%
$10.84 million	2033	Serial	5%	107.148	3.96%
$11.38 million	2034	Serial	5%	106.719	4.02%

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