Oakland University, Mich., organizes $58.74 million revenue bond deal

By Sheri Kasprzak

New York, May 14 - The Board of Trustees of Oakland University, Mich., is set to price $58,735,000 of series 2013A general revenue bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with BofA Merrill Lynch and Fifth Third Securities Inc. as the senior managers.

The bonds are due 2016 to 2027.

Proceeds will be used to construct a new parking structure, athletic fields, administrative buildings, a new road and other campus improvements.

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