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10/18/2019

Treasurer’s Office Announces $68 Million Bond Sale on October 22

COLUMBUS – Ohio Treasurer Robert Sprague has announced a bond sale that will price on the morning of Tuesday, October 22. 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 $68,215,000 in tax-exempt bonds. The funds generated from the bond sale will benefit the Department of Youth Services (DYS) for various capital improvements, including community-based correctional facilities. The funds will also refinance existing bonds issued for DYS and the Department of Administrative Services.

Refinancing of existing bonds is expected to save approximately $3.5 million on a present value basis.

Those interested in purchasing bonds or finding out more information can visit: https://www.ohiotreasurerbonds.com/the-state-of-ohio/bond-offerings/i630.

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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. 

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