Michigan plans $93.45 million sale of state trunk line fund bonds

By Sheri Kasprzak

New York, Dec. 1 - The State of Michigan is expected to price $93.445 million of series 2011 state trunk line fund bonds, according to a preliminary official statement.

The bonds will be offered through senior managers Siebert Brandford Shank & Co. LLC and J.P. Morgan Securities LLC. The co-managers are J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Barclays Capital Inc. and Morgan Stanley & Co. LLC.

The bonds are due 2012 to 2036.

Proceeds will be used to fund certain state trunk line transportation projects to provide for improved highway safety and service throughout the state.

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