Oregon DOT coordinates $378.96 million highway bond deal for Wednesday

By Sheri Kasprzak

New York, Jan. 9 – The Ohio Department of Transportation is scheduled to price $378.96 million of series 2015A tax-exempt highway user tax refunding revenue bonds on Wednesday, said a preliminary official statement and sales calendar.

The bonds will be sold through senior managers Morgan Stanley & Co. LLC and Citigroup Global Markets Inc.

The co-managers are BofA Merrill Lynch, Fidelity Capital Markets LLC, Goldman, Sachs & Co., J.P. Morgan Securities LLC, Piper Jaffray & Co., Wells Fargo Securities LLC and the Williams Capital Group LP.

The bonds are due 2015, 2019, 2022 and 2025 to 2033.

Proceeds will be used to refund existing highway user tax revenue bonds.

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