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

By Sheri Kasprzak

New York, March 24 - Temple University of Pennsylvania is expected to price $120 million of series 2011 university funding obligations on Wednesday, according to a preliminary official statement.

The obligations (MIG1) will be sold competitively with Public Financial Management, Inc. as the financial adviser.

The obligations are due April 4, 2012.

Proceeds will be used to fund equipment expenditures, capital improvements and refinance a portion of the university's series 2010 funding obligations.

The university is based in Philadelphia.

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