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Ohio State University coordinates $630 million general receipts bonds
By Sheri Kasprzak
New York, Feb. 25 – The Ohio State University is set to price $630 million of series 2016 general receipts bonds, according to a preliminary official statement.
The deal includes $600 million of series 2016A taxable bonds and $30 million of series 2016B tax-exempt bonds.
The bonds (Aa1/AA/AA) will be sold on a negotiated basis with Barclays and RBC Capital Markets LLC as the lead managers. The co-managers are KeyBanc Capital Markets LLC, Wells Fargo Securities LLC, BofA Merrill Lynch, Goldman, Sachs & Co., PNC Capital Markets LLC and U.S. Bancorp Investments Inc.
The maturities have not been set.
Proceeds will be used to improve and construct university facilities and refund the university’s series 2005A general receipts bonds.
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