Ohio to price $75 million bonds for University of Dayton March 10

By Cristal Cody

Tupelo, Miss., March 3 - Ohio expects to price $75 million in revenue bonds for the University of Dayton tentatively on March 10, a sellside source told Prospect News.

The previously announced series 2009 higher education facility bonds have serial maturities from 2010 through 2028 and terms due 2032 and 2039, according to a preliminary official statement.

Morgan Stanley & Co. Inc. is the senior manager of the negotiated sale and PNC Capital Markets LLC is the co-manager.

The proceeds will be used to finance university improvements, to refund partially the series 1997 and series 1998 revenue bonds and to repay a bank loan made by Wells Fargo Bank, NA.

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