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University of Cincinnati offers $84 million general receipts bonds
By Sheri Kasprzak
New York, Nov. 21 – The University of Cincinnati plans to sell $84.01 million of series 2014 general receipts bonds, according to a preliminary official statement.
The deal includes $29,515,000 of series 2014C green bonds and $54,495,000 of series 2014D bonds.
The bonds (Aa3/AA-/) will be sold through senior managers Wells Fargo Securities LLC and J.P. Morgan Securities LLC. The co-managers are KeyBanc Capital Markets Inc. and Loop Capital Markets LLC.
The maturities have not been set.
Proceeds will be used to finance the renovation of the university’s Scioto Hall, as well as to refund its series 2007A and 2007G general receipts bonds.
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