By Sheri Kasprzak
New York, Sept. 14 - Ohio State University priced $740.685 million in series 2010 general receipts bonds on Tuesday, according to a pricing sheet.
The bonds were sold in two tranches - a $654.905 million tranche of series 2010C Build America Bonds and an $85.78 million tranche of series 2010D tax-exempt bonds.
The 2010C bonds are due June 1, 2040 and have a 4.91% coupon priced at par.
The 2010D bonds are due 2020 to 2032 with coupons from 3% to 5%. The full pricing data was not immediately available Tuesday evening.
Morgan Stanley & Co. Inc. and Barclays Capital Inc. were the senior managers. The co-managers included 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 finance new college facilities and renovations of existing facilities at Ohio State University Medical Center, campus transportation and parking facilities, as well as student life facilities. The university is located in Columbus, Ohio.
| Issuer: | Ohio State University
|
| Issue: | Series 2010 general receipts bonds
|
| Amount: | $740.685 million
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. Inc. and Barclays Capital Inc. (lead); 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. (co-managers)
|
| Pricing date: | Sept. 14
|
| Settlement date: | Oct. 6
|
|
|
| Series 2010C
|
| Maturity | Type | Coupon | Price
|
| June 1, 2040 | Term | 4.91% | 100
|
|
|
| Series 2010D
|
| Maturity | Type | Coupon
|
| 2020 | Serial | 3.25%
|
| 2021 | Serial | 3%
|
| 2021 | Serial | 5%
|
| 2022 | Serial | 5%
|
| 2023 | Serial | 4%
|
| 2023 | Serial | 5%
|
| 2024 | Serial | 4%
|
| 2024 | Serial | 5%
|
| 2025 | Serial | 5%
|
| 2026 | Serial | 5%
|
| 2027 | Serial | 4%
|
| 2027 | Serial | 5%
|
| 2028 | Serial | 5%
|
| 2029 | Serial | 5%
|
| 2030 | Serial | 5%
|
| 2031 | Serial | 5%
|
| 2032 | Serial | 5%
|
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