CHICAGO — The Ohio Turnpike Commission plans to come to market the week of July 29 with $1.1 billion of turnpike bonds backed by a new credit pledge that is key to the state's future transportation funding plans.

The bulk of the deal, nearly $983 million, will consist of junior-lien bonds that are subordinate to outstanding senior-lien turnpike debt. The borrowing will also include $71 million of new senior-lien debt.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.