CHICAGO — Ohio next week will price $170 million of taxable Build America Bonds that feature the state's highest credit rating to finance improvement projects.

The highway capital improvement bonds carry the state's general obligation pledge as well as a pledge of highway user revenue. Made up mostly of gas taxes, Ohio's highway user revenues totaled $2.6 billion last year, providing 12 times debt-service coverage, state officials said.

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.