In addition to the $60 million from the sale, the school is financing its new home by issuing $95 million in tax-exempt bonds underwritten by J. P. Morgan Securities.
The buildings are to be financed through $95 million in state bonding authorized by the Whitman administration and an additional $280 million in bonds underwritten by the university alone.
The commission apparently seeks to determine whether the issuers of bonds underwritten by these houses made accurate disclosure about the deals.
Kenwood Towne Place also includes a $33 million public parking garage funded by bonds underwritten by the Port of Greater Cincinnati Development Authority.
The company was having trouble making payments on £78 million of bonds underwritten by Morgan Stanley.
Financing for the Deal Mr. Griffin purchased the company with $50 million of his own money and with the balance raised through high-yield bonds underwritten by Drexel Burnham Lambert.
Some banks did load customers' trust accounts with low-quality bonds underwritten by their investment affiliates.
The firm currently lacks the capital for underwriting, which carries higher fees, but can distribute and sell bonds underwritten by others.
In the works is an elaborate training program to gear brokers to understand and sell more bonds underwritten by Lehman.
The Puerto Rico Electric Power Authority is offering yields of well above 9 percent for new long-term bonds underwritten by Prudential-Bache Securities.
