JobsOhio Beverage System to sell $1.5 bln revenue bonds

NEW YORK Fri Jan 11, 2013 9:10am EST

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NEW YORK Jan 11 (Reuters) - The JobsOhio Beverage System is planning to sell $1.5 billion of statewide senior lien liquor profits tax-exempt and taxable revenue bonds in two parts, during the week of Jan. 24, said a market source on Friday.

The sale consists of $423 million of tax-exempt bonds which will be sold through lead manager Bank of America Merrill Lynch and $1.1 billion of taxable bonds to be sold via lead manager Citigroup.

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