CHICAGO — After delaying the deal last week amid legal complications, Ohio on Monday and Tuesday priced $1.56 billion of liquor-profit backed bonds, with spreads on the taxable piece of the borrowing ranging from 60 basis points to 137 basis points above Treasury rates.

Gov. John Kasich proposed the transaction last year as a way to patch a budget shortfall, but the deal was delayed for months amid litigation. It comes now a week before Kasich is set to unveil his new two-year budget.

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