Michigan State Building Authority scheduled to sell $105.27 million revenue bonds Wednesday

By Sheri Kasprzak

New York, Nov. 30 - The Michigan State Building Authority is set to sell its previously announced $105.27 million in series 2009 II revenue bonds on Wednesday, according to an offering calendar.

The bonds will be sold on a negotiated basis with Siebert Brandford Shank & Co. LLC as the lead manager.

The co-managers are BMO Capital Markets GKST Inc., Citigroup Global Markets Inc., Edward Jones & Co., Goldman Sachs & Co., J.P. Morgan Securities Inc. and Morgan Stanley & Co.

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

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