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Temple University, Pa., to sell $120 million in funding obligations
By Sheri Kasprzak
New York, March 29 - Temple University of Pennsylvania plans to sell $120 million in series 2010 university funding obligations through the Commonwealth System of Higher Education on Tuesday, said a notice of sale.
The bonds (MIG 1) will be sold on a competitive basis with Public Financial Management Inc. as the financial adviser.
The bonds are due April 6, 2011.
Proceeds will be used to refinance a portion of the university's series 2009 funding obligations.
The university is based in Philadelphia. The Commonwealth System of Higher Education is the organizing body of Pennsylvania's state schools.
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