By Cristal Cody
Tupelo, Miss., Nov. 10 – Ohio University sold $250 million of 5.59% 100-year general receipts bonds at par, according to an official statement and a pricing sheet.
The series 2014 bonds (Aa3/A+/) are due Dec 1, 2114.
Barclays was the bookrunner for the negotiated offering. Goldman Sachs & Co. was co-senior manager.
Proceeds from the offering will be used to help finance projects that include construction and upgrades to university facilities.
| Issuer: | Ohio University
|
| Issue: | General receipts bonds
|
| Amount: | $250 million
|
| Maturity: | Dec 1, 2114
|
| Underwriters: | Barclays (lead), Goldman Sachs & Co. (co-senior)
|
| Coupon: | 5.59%
|
| Price: | Par
|
| Yield: | 5.59%
|
| Type: | Negotiated
|
| Ratings: | Moody’s: Aa3
|
| Standard & Poor’s: A+
|
| Pricing date: | Nov. 6
|
| Settlement date: | Nov. 14
|
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