Ohio State University to sell $230.89 million in general receipts bonds in January

By Sheri Kasprzak

New York, Jan. 2 - Ohio State University plans to price its previously announced $230.89 million in series 2008A general receipts bonds later this month, said a preliminary official statement.

The bonds (/AA/) had originally been scheduled to price in October, but the sale was delayed due to poor market conditions.

The bond will be sold on a negotiated basis with Morgan Stanley as the senior manager. The co-managers are SBK-Brooks Investment Corp., Citigroup Global Markets, Fifth Third Securities Inc. and Rice Financial Products Inc.

The bonds are due from 2009 to 2028.

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

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