Western Michigan University preps $96.95 million general revenue bonds

By Sheri Kasprzak

New York, Sept. 19 - The Western Michigan University is expected to price $96.95 million of series 2013 general revenue and refunding bonds, according to a preliminary official statement.

The bonds (A1/A/) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager. The co-managers are Fifth Third Securities Inc. and Comerica Securities.

The bonds are due 2014 to 2033 with term bonds due in 2038 and 2043.

Proceeds will be used to construct a new student dormitory and a new alumni center, as well as to refund the university's series 2003 general revenue bonds.

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