The University borrows periodically in the long-term, tax-exempt credit market by issuing revenue bonds and notes through the Ohio Higher Education Facilities Commission (OHEFC). It also maintains a tax-exempt commercial paper program and a working capital bank line of credit for short-term borrowing needs. The table below displays the characteristics of the University's debt for the Year Ending June 30, 2005.
Bonds and notes payable are as follows:
Interest
Maturity
2005
2004
Ohio Higher Education Facilities Commission revenue bonds and notes:
Series 1988
7.85 - 7.90%
2009-2013
$19,868
$18,391
Series 1990
6.50 – 7.15%
2005-2020
12,128
12,156
Series 1992
-n/a-
2004
-
1,020
Series 1994
6.00 – 6.25%
2014-2018
20,000
20,000
Series 1997
4.70 – 6.25%
2005-2018
12,795
15,285
Series 1997
5.00 – 5.50%
2005-2017
20,030
22,235
Series 1997
6.25%
2005-2014
8,920
9,775
Series 2001
Variable
2005-2022
18,755
18,875
Series 2002
Variable
2023-2031
64,875
64,875
Series 2002
5.00 – 5.13%
2019-2022
35,125
35,125
Series 2004
2.00 – 5.00%
2005-2034
107,950
107,950
Series 2004
Variable
2008-2044
177,825
177,825
United States government housing bonds:
Series 1966
3.00 – 3.50%
2005-2016
1,415
1,435
Series 1971
3.00%
2005-2016
1,335
1,545
Ohio Board of Regents:
-n/a-
2006
213
425
Ohio Higher Education Facilities Commission commercial paper :
