Ohio to price $60.81 million revenue bonds for University of Dayton

By Sheri Kasprzak

New York, Feb. 10 - The State of Ohio is expected to price $60.805 million of series 2011 higher educational facility revenue bonds for the University of Dayton, according to a preliminary official statement.

The offering includes $32.805 million of series 2011A bonds and $28 million of series 2011B bonds.

The bonds (A2/A/) will be sold on a negotiated basis with Morgan Stanley & Co. Inc. as the manager.

The 2011A bonds are due 2011 to 2017 with a term bond due in 2041. The 2011B bonds are due July 1, 2016.

Proceeds will be used to construct, equip, renovate, upgrade and furnish educational facilities at the University of Dayton, as well as to refund the university's series 2001 bonds.

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