Ohio coordinates $337.42 million offering of general obligation bonds

By Sheri Kasprzak

New York, April 25 - The State of Ohio is scheduled to price $337,415,000 of series 2014 general obligation bonds on Wednesday, said a preliminary official statement.

The deal includes $161.78 million of series 2014A common schools G.O. refunding bonds, $116.01 million of series 2014B higher education G.O. refunding bonds and $59,625,000 of series 2014C infrastructure improvement G.O. refunding bonds.

The bonds (Aa1/AA+/AA+) will be sold competitively.

The 2014A bonds are due 2018 to 2023 and the 2014B bonds are due 2018 to 2024. The 2014C bonds are due 2018 to 2024.

Proceeds will be used to refund the state's series 2006D and 2007A common schools G.O.s, its series 2006A-B higher education G.O.s and its 2005A, 2006A and 2007A infrastructure improvement G.O.s.

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