Ohio University arranges $140 million bond offering for week of May 20

By Sheri Kasprzak

New York, May 20 - Ohio University plans to price $140 million of series 2013 general receipts bonds during the week of May 20, according to a preliminary official statement.

The bonds (Aa3/A+/) will be sold on a negotiated basis with Barclays and Goldman, Sachs & Co. as the lead managers. The co-managers are The Huntington Investment Co., PNC Capital Markets LLC and Rice Financial Products Co.

The maturities have not been set.

Proceeds will be used to refinance construction projects and refund the university's series 2001 bonds.

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