Ohio coordinates $70 million offering of lease-appropriation bonds

By Sheri Kasprzak

New York, Nov. 4 – The State of Ohio is expected to price $70 million of series 2015B capital facilities lease-appropriation bonds, according to a preliminary official statement.

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

The bonds are due 2016 to 2035.

Proceeds will be used to construct, equip, renovate and improve facilities operated by the state’s Department of Rehabilitation and Correction.

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