Columbus, Ohio, prepares $333.48 million of general obligation bonds

By Sheri Kasprzak

New York, July 28 – The City of Columbus, Ohio, is slated to price $333.48 million of series 2015 general obligation bonds on Thursday, according to a preliminary official statement.

The offering includes $230,655,000 of series 2015A various purpose unlimited tax G.O. bonds, $74,685,000 of series 2015B various purpose limited tax G.O.s, $13.64 million of series 2015C various purpose limited tax taxable bonds and $14.5 million of series 2015 various purpose limited tax notes.

The bonds (Aaa/AAA/AAA) and notes (MIG1) will be sold competitively with Prism Municipal Advisors as the financial adviser.

The 2015A bonds are due 2017 to 2036. The 2015B bonds are due 2017 to 2036. The 2015C bonds are due 2017 to 2031, and the 2015 notes are due Aug. 11, 2016.

Proceeds will be used to finance public safety and health, parks and recreation, information technology, streets and highways, public utilities, fleet management and economic development improvement projects.

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