Michigan State Building Authority to sell $200 million bonds

By Sheri Kasprzak

New York, Oct. 31 - The Michigan State Building Authority is expected to price $200 million in series 2008I revenue and revenue refunding bonds, according to a preliminary official statement.

The bonds will be sold through senior managers Morgan Stanley & Co. Inc. and Siebert Brandford Shank & Co.

The co-managers are Citigroup Global Markets; Fidelity Capital Markets; Loop Capital Markets; Merrill Lynch & Co.; and Rice Financial Products.

The financial adviser is Robert W. Baird & Co.

The maturities have not been set at this time and no pricing date has been set, according to a sellside source.

Proceeds will be used to refund the authority's series 2005 multi-modal revenue bonds and to construct a new fine arts facility.

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