Treasurer of Ohio coordinates $230.76 million private activity bonds

By Sheri Kasprzak

New York, March 31 – The Treasurer of the State of Ohio is expected to come to market with $230.76 million of series 2015 tax-exempt private activity bonds for the Portsmouth Group LLC, according to a preliminary official statement.

The bonds will be offered through J.P. Morgan Securities LLC and Barclays.

The bonds are due 2019 to 2024 with term bonds due in 2025, 2026, 2027, 2028, 2029, 2030, 2035, 2039 and 2053.

Proceeds will be used to finance the construction of a stretch of the Appalachian Development Highway System through Ohio. The system extends from New York State to Mississippi.

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