New Issue: Temple University, Pa., sells $120 million of 1% funding obligations

By Sheri Kasprzak

New York, March 31 - Temple University of Philadelphia sold $120 million of series 2011 university funding obligations, said a pricing sheet.

The obligations (MIG 1) are due April 4, 2012 and have a 1% coupon priced at 101.093.

Public Financial Management, Inc. was the financial adviser.

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

Issuer:	Temple University
Issue:	Series 2011 university funding obligations
Amount:	$120 million
Maturity:	April 4, 2012
Coupon:	1%
Price:	101.093
Adviser:	Public Financial Management, Inc.
Rating:	Moody's: MIG 1
Pricing date:	March 31
Settlement date:	April 5

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