CHICAGO — Ohio today and tomorrow will price $215 million of double-A rated Garvee bonds.
The bonds are divided into two tranches, including $98 million of taxable Build America Bonds and $117 million of tax-exempt fixed-rate bonds. The tax-exempt bonds mature from 2011 through 2015 and the BABs mature from 2016 through 2021. The state last sold federal grant anticipation revenue vehicle debt in 2008. Proceeds from the new issue will finance a series of highway and bridge projects.