Xavier University of Ohio to price $81.44 million revenue bonds

By Sheri Kasprzak

New York, Nov. 14 - Xavier University in Ohio is expected to sell $81.435 million in series 2008C higher educational facility revenue bonds, according to a preliminary official statement. The bonds will be sold through the state of Ohio.

The bonds (A3/A-/) will be sold on a negotiated basis with Barclays Capital as the senior manager.

The bonds are due from 2010 to 2018 with term bonds due 2023, 2028, 2038 and 2043.

Proceeds will be used for the construction, equipment and acquisition of a new quad academic facility, including classrooms, offices, laboratories and commons areas.

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