Michigan building authority to price $105.27 million in revenue bonds

By Cristal Cody

Tupelo, Miss., Nov. 24 - The Michigan State Building Authority intends to price $105.27 million in revenue bonds, according to a preliminary official statement released Tuesday.

The series 2009 II bonds are expected to include serial maturities and term bonds, according to the statement.

Siebert Brandford Shank & Co., LLC is the senior manager of the negotiated sale. The co-managers are BMO Capital Markets GKST Inc., Citigroup Global Markets Inc., Edward Jones, Goldman, Sachs & Co., J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc.

The proceeds will be used to refund outstanding commercial paper notes and to pay for construction and improvement of educational and state facilities.

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