Ohio readies $231 million offering of general obligation highway bonds

By Sheri Kasprzak

New York, April 6 – The State of Ohio is set to price $231 million of series S general obligation highway capital improvement bonds, according to a preliminary official statement. Pricing is scheduled for April 12.

The bonds (Aa1/AAA/AA+) will be sold on a negotiated basis with Loop Capital Markets LLC as the senior manager. The co-managers are Estrada Hinojosa & Co. Inc., Janney Montgomery Scott LLC, Piper Jaffray & Co., Raymond James/Morgan Keegan and RBC Capital Markets LLC.

The bonds are due 2017 to 2031.

Proceeds will be used to finance highway capital improvements.

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