University of Cincinnati plans $92.15 million general receipts bonds

By Sheri Kasprzak

New York, May 1 - The University of Cincinnati is expected to come to market with $92.15 million of series 2014B general receipts bonds on May 14, according to a preliminary official statement.

The bonds (Aa3/AA-/) will be sold on a competitive basis with Public Financial Management Inc. as the financial adviser.

The maturities have not been set.

Proceeds will be used to finance the installation of a new student information system, complete a roof replacement, make improvements to the university's teaching college and refund its series 2004A and 2006A general receipts bonds.

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