Kent State University, Ohio, to sell $60 million bonds Aug. 25

By Cristal Cody

Springdale, Ark., Aug. 15 - Kent State University in Ohio expects to sell the previously announced $60 million variable-rate general receipts bonds on Aug. 25, a source said Friday.

The series 2008B bonds (/AAA/) are due May 1, 2032.

Lehman Brothers will manage the negotiated sale.

Proceeds will be used on Aug. 26 to redeem the $60 million outstanding from the series 2002 general receipts bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.