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University of Akron to bring $88.37 million in general receipt bonds
By Sheri Kasprzak
New York, Jan. 17 - The University of Akron in Ohio plans to price $88.37 million in series 2008A general receipt bonds, according to a preliminary official statement released Thursday.
The bonds (Aaa/AAA) have a serial structure from 2011 through 2029 and include term bonds due 2033 and 2038. The 2011 maturity includes $1.955 million in principal of the bonds and the 2029 maturity includes $4.41 million of the principal. The 2033 term bond is sized at $16.14 million and the 2038 term bond is $17.435 million.
Morgan Stanley is the bookrunner with Fifth Third Securities, National City Investments, KeyBanc Capital Markets, SBK-Brooks Investment Corp. as the co-managers.
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