By Sheri Kasprzak
New York, Oct. 20 - The Ohio State University came to market Thursday with $500 million of series 2011A taxable general receipts bonds, according to a pricing sheet. The offering was upsized from $300 million.
The bonds (Aa1/AA/AA) were sold through Barclays Capital Inc. and Goldman Sachs & Co.
The co-managers were KeyBanc Capital Markets LLC, RBC Capital Markets LLC, Loop Capital Markets LLC and PNC Capital Markets LLC.
The bonds are due June 1, 2111 and have a 4.8% coupon priced at 98.993.
Proceeds will help expand the Ohio State University Medical Center and fund roads, grounds, student life facilities, utilities and other campus infrastructure.
| Issuer: | Ohio State University
|
| Issue: | Series 2011A taxable general receipts bonds
|
| Amount: | $500 million
|
| Maturity: | June 1, 2111
|
| Coupon: | 4.8%
|
| Price: | 98.993
|
| Type: | Negotiated
|
| Underwriters: | Barclays Capital Inc. and Goldman Sachs & Co. (lead), KeyBanc Capital Markets LLC, RBC Capital Markets LLC, Loop Capital Markets LLC and PNC Capital Markets LLC (co-managers)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
| Fitch: AA
|
| Pricing date: | Oct. 20
|
| Settlement date: | Oct. 26
|
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