Ohio Building Authority to sell $139.79 million state facilities bonds Tuesday

By Sheri Kasprzak

New York, Jan. 12 - The Ohio Building Authority plans to price $139.79 million in series 2009A state facilities bonds on Tuesday, according to a calendar of upcoming deals.

The bonds (Aa2) will be sold through senior manager Wachovia Securities LLC.

The co-managers are George K. Baum & Co., NatCity Investments Inc., PNC Capital Markets and SBK-Brooks Investment Corp.

The deal includes $60 million in administrative building fund project bonds, $40 million in adult correctional building fund project bonds, $1.725 million in highway safety building fund bonds and $38.065 million in juvenile correctional building fund project bonds.

The administrative building bonds are due 2010 to 2028, and the adult correctional building bonds are due 2010 to 2028. The highway safety bonds are due 2010 to 2012, and the juvenile correctional bonds are due 2009 to 2014.

Proceeds will be used to provide capital facilities, which will be leased to the Department of Rehabilitation and Correction of the State of Ohio, as well as to provide capital facilities to be leased to the Department of Public Safety. The remainder will be used to refund the state's series 1999B state facilities refunding bonds for the Juvenile Correction Building Fund Projects.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.