Auburn University in Alabama to price $92 million bonds Tuesday

By Sheri Kasprzak

New York, Aug. 14 - Auburn University in Alabama intends to sell $92 million in series 2008 general fee revenue bonds on Tuesday, according to a calendar of upcoming sales.

The bonds (/AA-/) will be sold on a negotiated basis. The underwriter for the sale could not be determined by press time Thursday.

Proceeds will be used for the construction and equipping of a new intercollegiate basketball complex and for the relocation, construction and equipping of other athletic facilities connected to the existing basketball complex.

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