By Sheri Kasprzak
New York, Jan. 13 - Ohio State University sold $278.095 million in series 2010A general receipt bonds on Wednesday, according to a term sheet.
The bonds (Aa2/AA/) were sold through Morgan Stanley & Co. Inc. with Barclays Capital Inc., J.P. Morgan Securities Inc. and RBC Capital Markets Inc. as the co-managers.
The bonds are due 2011 to 2020 with 3% to5% coupons. The 2020 bonds were not reoffered.
Proceeds will be used to refund existing debt.
Ohio State University is based in Columbus, Ohio.
| Issuer: | Ohio State University
|
| Issue: | Series 2010A general receipt bonds
|
| Amount: | $278.095 million
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. Inc. (lead); Barclays Capital Inc., J.P. Morgan Securities Inc. and RBC Capital Markets Inc. (co-managers)
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Pricing date: | Jan. 13
|
|
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 3% | 104.144
|
| 2012 | Serial | 3% | 105.444
|
| 2012 | Serial | 5% | 111.028
|
| 2013 | Serial | 3% | 105.847
|
| 2013 | Serial | 4% | 109.571
|
| 2013 | Serial | 5% | 113.296
|
| 2014 | Serial | 3% | 105.3
|
| 2014 | Serial | 4% | 109.911
|
| 2014 | Serial | 5% | 114.521
|
| 2015 | Serial | 4% | 108.954
|
| 2015 | Serial | 5% | 114.382
|
| 2016 | Serial | 4% | 108.133
|
| 2016 | Serial | 5% | 114.343
|
| 2017 | Serial | 3% | 100.275
|
| 2017 | Serial | 4% | 107.227
|
| 2017 | Serial | 5% | 114.179
|
| 2018 | Serial | 3.125% | 99.423
|
| 2018 | Serial | 4% | 106.115
|
| 2018 | Serial | 5% | 113.762
|
| 2019 | Serial | 5% | 113.911
|
| 2020 | Serial | 5% | NRO
|
© 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.
