Bond issue saves university $11 million

Ohio State's innovative approach to capital markets will save the university another $11 million through the issuance of the Series 2017 General Receipts Bonds.

On Dec. 6, the university successfully issued nearly $70 million in bonds that advance refunded the Series 2008A General Receipts Bonds. With a true interest cost of 1.9 percent, the new bond issue will save Ohio State $11.1 million in debt payments compared with the previous issue.