The Ohio Turnpike and Infrastructure Commission, established in 1955 and located in Berea, Ohio, is a governmental agency responsible for the operation and maintenance of the Ohio Turnpike. Its primary purpose is to ensure safe and efficient travel across the state, while generating revenue for ongoing infrastructure projects. The Commission provides essential services such as toll collection, roadway maintenance, and facility management to support the transportation needs of Ohioans and travelers alike.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| OHSTRN 3.22% 2048-02-15 USDOhio Turnpike and Infrastructure Commission | United States | 2048-02-15 | 3.216 | 5.48 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The Ohio Turnpike and Infrastructure Commission has been actively issuing bonds since its inception, with significant milestones including the introduction of revenue bonds in the early 1990s to fund expansion and improvements. Notably, the Commission issued $160 million in bonds in 2021 aimed at refinancing existing debt, which helped achieve a lower yield compared to industry averages. Current yields on their bonds remain competitive within the transportation sector, with special features such as tax-exempt status appealing to retail investors. Recent news indicates ongoing plans for infrastructure upgrades, which may drive future bond issuances to support these initiatives.