Michigan to price $468.14 million G.O. bonds Thursday

By Sheri Kasprzak

New York, March 30 - Michigan will sell its previously announced $468.139 million in series 2009 general obligation bonds on Thursday, according to a calendar of upcoming sales.

The bonds will be sold on a negotiated basis with Merrill Lynch & Co. and Goldman, Sachs & Co. as the lead managers.

The sale includes $182.565 million in series 2009A G.O. school loan and refunding current interest bonds, which are due 2015 to 2020; $186.979 million in series 2009B G.O. school loan and refunding capital appreciation bonds, which are due 2010 to 2030; $65.02 million in series 2009A G.O. current interest bonds, which are due 2021 to 2025; and $33.575 million in series 2009B G.O. current interest bonds due 2011.

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