Eastern Michigan University to sell $102.77 million in revenue bonds

By Sheri Kasprzak

New York, May 20 - The Board of Regents of Eastern Michigan University plans to price $102.765 million in series 2009 general revenue bonds, according to a preliminary official statement.

The sale includes tax-exempt series 2009C bonds and taxable series 2009D Build America Bonds.

The bonds (A2/A/) will be sold through lead manager Piper Jaffray & Co. The co-managers include Edward D. Jones & Co., Merrill Lynch & Co. Inc., Oppenheimer & Co. and Stifel, Nicolaus & Co.

The bonds are due 2014 to 2023 with term bonds due 2029, 2034 and 2038.

Proceeds will be used to construct and renovate classroom buildings, as well as to construct a science building.

The university is based in Ypsilanti, Mich.

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