Ohio arranges $90 million sale of higher educational facility bonds

By Sheri Kasprzak

New York, Feb. 26 – The State of Ohio is set to price $90 million of series 2015 higher educational facility revenue bonds for the University of Dayton, according to a preliminary official statement.

The deal includes $50 million of series 2015A bonds and $40 million of series 2015B taxable bonds.

The bonds (A2/A/) will be sold on a negotiated basis with Wells Fargo Securities LLC as the underwriter.

The 2015A bonds are due 2024 to 2036 with term bonds due in 2042 and 2045.

The 2015B bonds are due 2016 to 2030 with a term bond due in 2036.

Proceeds will be used to refund the state’s series 2003 and 2006 higher educational facility bonds for the university.

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