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Ohio State University arranges $150 million general receipts bond deal
By Sheri Kasprzak
New York, Sept. 19 – The Ohio State University plans to price $150 million of series 2014A general receipts bonds, according to a preliminary official statement.
The bonds (Aa1/AA/AA) will be sold on a negotiated basis. Barclays, J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc. and RBC Capital Markets LLC are the joint bookrunners. The co-managers are Loop Capital Markets LLC, Morgan Stanley & Co. LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC.
The maturities have not been set.
Proceeds will be used to construct and equip improvements to the university’s facilities.
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