Ohio State University to sell $230.89 million receipt bonds Wednesday

By Sheri Kasprzak

New York, Jan. 12 - Ohio State University is planning to price on Wednesday its previously announced $230.89 million in series 2008A general receipt bonds, according to an offering calendar.

The bonds (/AA/) will be sold through senior manager Morgan Stanley & Co. Inc.

The co-managers are SBK-Brooks Investment Corp., Citigroup Global Markets Inc., Fifth Third Securities Inc. and Rice Financial Products Inc.

The bonds are due 2009 to 2028.

Proceeds will be used for upgrades and renovations to utilities, roads and facilities, including the Ross Heart Hospital. The rest will be used to acquire an airport hangar.

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