University of Cincinnati offers $92.8 million general receipts bonds

By Sheri Kasprzak

New York, Dec. 2 - The University of Cincinnati is prepared to price $92.8 million of series 2013 general receipts bonds during the week of Dec. 2, according to a preliminary official statement.

The bonds (Aa3/AA-/) will be sold in two tranches - a tax-exempt portion and a taxable portion.

The bonds will be sold on a negotiated basis with RBC Capital Markets LLC as the senior manager and Cabrera Capital Markets LLC as the co-manager.

The maturities have not been set.

Proceeds will be used to finance the construction of a new expanded west pavilion for the university's football stadium and the renovation of its east concourse.

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