University of Cincinnati intends to sell $95 million of general receipt bonds Thursday

By Sheri Kasprzak

New York, June 21 - The University of Cincinnati is scheduled to price $95 million in series 2010 general receipt bonds on Thursday, according to a sales calendar.

The offering will include series 2010B tax-exempt bonds and series 2010C Build America Bonds, but the exact breakdown of the tranches was unavailable Monday.

The bonds (A1/A+/) will be sold through senior manager RBC Capital Markets Corp.

Proceeds will be used to fund full or partial roof replacements at various campus buildings, the renovation of Morgens Hall and the decommissioning of Scioto Hall, the rehabilitation of the medical science building and the refunding of existing debt.

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