Ohio coordinates $218.57 million major infrastructure project bonds

By Sheri Kasprzak

New York, Nov. 24 – The State of Ohio is set to price $218,565,000 of series 2014-1 major new state infrastructure project revenue bonds, according to a preliminary official statement.

The deal includes $156.39 million of series 2014-1A bonds and $62,175,000 of series 2014-1B refunding bonds.

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

The 2014-1A bonds are due 2015 to 2024 and the 2014-1B bonds are due 2019 to 2020.

Proceeds will be used to finance various highway and bridge projects within the state.

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