CHICAGO - Ohio Treasurer Richard Cordray yesterday began a statewide tour across six of the state's larger cities to encourage local retail buyers to invest in $140 million of new-money general obligation highway capital improvement bonds that will be available for purchase beginning Monday.

For the fourth year in a row, Ohio is catering the state's highest-rated bonds to retail buyers, with an emphasis on local investors. Cordray said retail sales offer the state better pricing and the chance to build a large network of local investors. He tells local buyers that in addition to the exemption from local, state, and federal taxes on interest payments, they are buying a stake in the future of Ohio when making the purchase.

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