Michigan Municipal Bond Authority to sell $67.47 million revenue bonds

By Cristal Cody

Tupelo, Miss., March 2 - The Michigan Municipal Bond Authority plans to sell $67.465 million in series 2009B local government loan program revenue bonds in four tranches, according to a preliminary official statement.

The $37.385 million Charter County of Wayne local project bonds have serial maturities from Nov. 1, 2009 through Nov. 1, 2018 and terms due 2026 and 2028.

The $1.195 million revenue sharing bonds have serial maturities from Nov. 1, 2009 through Nov. 1, 2018 and terms due 2023 and 2028.

The $23.57 million state qualified school bonds have serial maturities from 2010 through 2016.

The $5.315 million school program bonds have serial maturities from 2010 through 2014.

Fifth Third Securities will manage the negotiated sale.

The proceeds will be used to purchase municipal obligations.

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