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Miami University, Ohio, plans $143.67 million revenue, refunding bonds
By Sheri Kasprzak
New York, Nov. 14 - The Miami University of Ohio is slated to price $143.67 million of series 2011 general receipts revenue and refunding bonds, according to a preliminary official statement.
The bonds (Aa3/AA) will be sold on a negotiated basis with Morgan Stanley & Co. LLC as the senior manager. The co-managers are Barclays Capital Inc., Fifth Third Securities Inc. and Stifel, Nicolaus & Co. Inc.
The bonds are due 2012 to 2026 with term bonds due in 2031 and 2036.
Proceeds will be used to construct four new residence halls and a new dining hall, renovate three existing residence halls, upgrade sprinkler and electrical systems and advance refund the university's series 2003 revenue bonds.
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