Wayne State University expects to sell $190.1 million general revenue refunding bonds

By Cristal Cody

Springdale, Ark., March 5 - The Board of Governors of Wayne State University in Michigan plans to price $190.105 million general revenue refunding bonds, according to a preliminary official statement released Tuesday.

The series 2008 bonds (Aaa/AAA/-) are insured by Financial Security Assurance Inc.

Goldman, Sachs & Co. is the senior manager, and Lehman Brothers, Loop Capital Markets LLC and JPMorgan Securities Inc. are co-managers.

Proceeds will be used to refund bonds and pay swap termination fees.

Additional information was not immediately available.

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