CHICAGO - Franklin County, a bright spot among counties in financially struggling Ohio, is poised to enter the market later this month with $70 million of general obligation limited-tax bonds to finance a number of new projects and refund a swath of outstanding debt.

As part of its annual capital spending plan, the county will issue $24 million of new-money, fixed-rate bonds and refund another $42 million of bonds originally issued in 1993. County officials said with a triple-A rating in hand they hope to achieve a net present-value savings of 8% on the refunding piece. The bond sale is tentatively scheduled for Jan. 27.

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