Ohio State University to price $230.07 million general receipts bonds

By Cristal Cody

Tupelo, Miss., Oct. 8 - Ohio State University plans to price $230.065 million in general receipts bonds, according to a preliminary official statement.

The series 2008A bonds (Aa2/AA/AA) have serial maturities from 2009 through 2018 and terms due 2023 and 2028.

Morgan Stanley is the senior manager of the negotiated sale. Co-managers are SBK-Brooks Investment Corp., Citigroup Global Markets, Fifth Third Securities Inc. and Rice Financial Products Inc.

Proceeds will be used to pay for projects that include upgrades and renovations to utilities, roads and facilities, including the Ross Heart Hospital, and for the acquisition of an airport hangar.

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