CHICAGO - Ohio yesterday completed a negotiated $240 million sale of new-money general obligation infrastructure bonds, selling nearly $180 million of it to retail investors on Tuesday before offering it to institutional buyers yesterday.

Ohio originally planned to sell the bonds - rated in the high double-A category - on Sept. 16, but delayed the issue amid intense market turmoil that prompted nearly all issuers to postpone their deals in recent weeks. Earlier this week, even as new-money issuance remained significantly diminished, the state's finance team felt the market was firmer and decided to open a one-day retail order period Tuesday.

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