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Published on 4/2/2009 in the Prospect News Municipals Daily.

Temple University, Pa., to sell $120 million funding obligations Thursday

By Sheri Kasprzak

New York, April 2 - Temple University in Pennsylvania is set to sell $120 million in series 2009 commonwealth system of higher education university funding obligations on Thursday, according to a preliminary official statement.

The obligations (MIG1) will be sold on a competitive basis with Public Financial Management Inc. as the financial adviser.

The obligations are due April 16, 2010.

Proceeds will be used to purchase equipment, to construct facilities and to refinance the university's series 2008 funding obligations.


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