Wayne State University, Mich., to sell $110 million bonds Wednesday

By Sheri Kasprzak

New York, Oct. 5 - Wayne State University in Michigan is scheduled to price $110 million in series 2009 revenue bonds on Wednesday, according to a sales calendar.

The bonds (Aa3/AAA/) will be sold on a negotiated basis with Merrill Lynch & Co. Inc. as the lead manager.

Proceeds will be used to fund capital improvements to the university.

The university is based in Detroit.

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