Ohio University to sell $250 million 100-year general receipts bonds

By Cristal Cody

Tupelo, Miss., Nov. 3 – Ohio University intends to offer $250 million of 100-year general receipts bonds, according to a preliminary official statement.

The series 2014 bonds (Aa3/A+/) are due Dec 1, 2114.

Barclays is the bookrunner for the negotiated offering. Goldman Sachs & Co. is the co-senior manager.

Proceeds will be used to pay a portion of costs of projects that include construction and upgrades to university facilities.

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