Treasurer Sprague Announces Bond Sale to Benefit State Projects
COLUMBUS – Ohio Treasurer Sprague has announced a bond sale that will price on the morning of Wednesday, February 19. Retail orders placed on behalf of Ohio individuals will be given first priority among all orders received from investors.
The Treasurer’s office plans to sell $50 million in tax-exempt bonds. The funds generated from the bond sale will benefit the Department of Mental Health and Addiction Services (MHAS) and the Department of Developmental Disabilities (DODD) for the purpose of paying costs of capital facilities to be leased to the two departments.
Additionally, the Treasurer’s office issued refunding bonds to refinance outstanding bonds. This refinancing resulted in more than $11 million in savings for the state.
Those interested in purchasing bonds or finding out more information can visit: https://www.ohiotreasurerbonds.com/the-state-of-ohio/bonds/bond-offering/i630?offeringId=22594
A full list of projects expected to be funded through the new money bond sale can be found here: http://tos.ohio.gov/files/MH_projects.pdf
Robert Sprague became Ohio’s 49th Treasurer of State on January 14, 2019, bringing to the office his extensive experience working on financial matters in both the public and private sectors. Under Treasurer Sprague’s direction, the office manages the state’s $20 billion investment and $10 billion debt portfolios, collects and deposits all state revenues, and oversees custodial assets.