January 24, 2013 / 3:00 PM / 4 years ago

JobsOhio Beverage System $1.5 bln bond sale moved to next week

1 Min Read

Jan 24 (Reuters) - The JobsOhio Beverage System's $1.5 billion of statewide senior lien liquor profits revenue bonds, originally slated to price on Wednesday, has been moved to either Monday or Tuesday next week, a market source said on Thursday.

The sale consists of $1.1 billion of taxable bonds revenue bonds to be sold through J.P. Morgan Securities and another $423 million of tax-exempt bonds through Citi.

On Wednesday, the Ohio Supreme Court revived a lawsuit challenging the constitutionality of a state law that led to the sale of the bonds.

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