Olin College of Engineering, Mass., offers $93.8 million revenue bonds

By Cristal Cody

Springdale, Ark., Aug. 20 - The Franklin W. Olin College of Engineering intends to price $93.8 million revenue bonds on Sept. 3, a source said Wednesday.

The $10 million series 2008C1, $41.9 million series 2008C2 and $41.9 million series 2008C3 bonds will price through the Massachusetts Development Finance Agency.

The bonds (A1) will be sold in a negotiated sale managed by Lehman Brothers.

Proceeds will be used to refund the series A1 and A2 auction-rate securities.

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