Northern Michigan University's $106.52 million of bonds to price March 4

By Sheri Kasprzak

New York, Feb. 26 - Northern Michigan University plans to price $106.52 million of series 2008A general revenue bonds on March 4, a source close to the deal said Tuesday.

The bonds (A2) will be sold on a negotiated basis through lead manager Piper Jaffray.

Proceeds will be used to refund the university's outstanding bonds from 1998, 2001, 2005 and 2006, to renovate a residence hall and for the termination of swap agreements.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.