Temple University, Pa., to price $120 million university funding notes via competitive sale

By Cristal Cody

Springdale, Ark., April 2 - Temple University - Of The Commonwealth System of Higher Education in Pennsylvania plans to price $120 million university funding obligation notes on April 16, according to a preliminary official statement released Tuesday.

The series 2008 notes (MIG1) will be sold on a competitive basis. The notes are due April 21, 2009.

Public Financial Management is the university's financial adviser.

Proceeds will be used for various capital projects and to refinance $104.5 million of the university's series 2007 funding obligations.

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