Ohio defeases $120.14 million higher education, common schools G.O.s

By Tali Rackner

Norfolk, Va., Jan. 30 – The State of Ohio defeased $33,595,000 of its series 2006A and 2006B higher education and $86,545,000 of its series 2006D and 2007A common schools general obligation bonds, according to two notices.

The following higher education bonds will be redeemed at par plus accrued interest on May 1, 2016:

• $11,145,000 of 5% 2006A bonds due May 1, 2026;

• $10,945,000 of 5% 2006B bonds due Nov. 1, 2025; and

• $11,505,000 of 5% 2006B bonds due Nov. 1, 2026.

The following common schools bonds will be redeemed at par plus accrued interest to the redemption date:

• $16,195,000 of 4.3% 2006D bonds due Sept. 15, 2024, to be redeemed on March 15, 2016;

• $16.87 million of 4.3% 2006D bonds due Sept. 15, 2025, to be redeemed on March 15, 2016;

• $17.58 million of 3.75% 2006D bonds due Sept. 15, 2026, to be redeemed on March 15, 2016;

• $17.6 million of 4.5% 2007A bonds due June 15, 2025, to be redeemed on June 15, 2016; and

• $18.3 million of 4.5% 2007A bonds due June 15, 2026, to be redeemed on June 15, 2016;

Huntington National Bank is the escrow agent.

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