Ohio State University to sell $740.69 million general receipts bonds

By Cristal Cody

Tupelo, Miss., Sept. 3 - Ohio State University intends to bring to market $740.685 million in general receipts bonds, according to a preliminary official statement released Friday.

The offering includes $654.905 million in series 2010C Build America Bonds with a term maturity of 2040 and $85.78 million in series 2010D tax-exempt bonds. Maturities have not been set for the series 2010D bonds.

Morgan Stanley & Co. Inc. and Barclays Capital Inc. are the joint bookrunners. Co-managers are Blaylock Robert Van LLC; Fifth Third Securities Inc.; the Huntington Investment Co.; KeyBanc Capital Markets LLC; PNC Capital Markets LLC and RBC Capital Markets Corp.

Proceeds will be used to pay for new college facilities and renovations of existing facilities on the Ohio State University Medical Center, for campus transportation and parking facilities and for student life facilities.

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