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How to Purchase State of Ohio Bonds:

The state provides individual investors the opportunity to place orders to buy bonds before other investors.

  • Individual investors have the opportunity to place orders before other investors (such as insurance companies and mutual funds) through a 'retail order period.' Investors cannot purchase bonds directly from the state, they must be purchased through a broker.
  • Individual investors earn the same investment return as institutional investors who buy the same bond maturity.
  • Individuals should check with their broker to learn about any transaction or account maintenance fees.

To buy bonds, follow these steps:

Step 1 - Open a brokerage account

  • In order to purchase any bonds, you must have an account established with one of the brokerage firms participating in the bond sale. To view a list of participating firms, please see Upcoming Bond Offerings.
  • Each brokerage firm has its own requirements and timing for opening an account. The state does not endorse any particular brokerage firm and assumes no responsibility or obligation with respect to the relationship between any investor and any brokerage firm.

Step 2 - Learn about state of Ohio bonds

  • Bonds can only be offered through an Official Statement. Download and read the Preliminary Official Statement to learn about the bonds being offered, including their security, maturity dates, credit rating, the types of projects they finance and other information you may find important to help you make an informed investment decision. This Web site is not an offer to sell or a solicitation of offers to buy any bonds.

Step 3 - Place your order

  • Contact the broker with whom you have an account, either online or by phone, to get more information about how to buy bonds during the retail order period.