Ohio plans $60 million sale of revenue bonds for University of Dayton

By Sheri Kasprzak

New York, Jan. 23 - The State of Ohio plans to price $60 million of series 2013 higher educational revenue bonds for the University of Dayton, according to a preliminary official statement.

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

The bonds are due 2015 to 2033 with a term bond due in 2043.

Proceeds will be used to construct, equip, renovate and upgrade the university's facilities, upgrade the university's technology and refund the university's series 2004 revenue bonds.

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