Ohio plans to price $70 million in revenue bonds for Oberlin College

By Sheri Kasprzak

New York, Sept. 25 - Ohio is expected to sell $70 million in series 2009 higher educational facility commission revenue bonds for Oberlin College, according to a preliminary official statement.

The bonds (Aa2/AA/) will be sold on a negotiated basis with Morgan Stanley & Co. Inc. as the senior manager.

The maturities have not yet been set.

Proceeds from the sale will be used to redeem the college's series 2006 and 2005 bonds, as well as to refund the college's series 1999 bonds.

The college is located in Oberlin, Ohio.

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