Grand Valley State University, Mich., plans $50.59 million in general revenue bonds on Thursday

By Aaron Hochman-Zimmerman

New York, Feb. 3 - The Board of Trustees of Grand Valley State University in Michigan will issue $50.59 million in general revenue bonds (/A+/), according to Brian Copeland, assistant vice president for business and finance.

The issue is expected to price on Thursday.

Serial bonds will carry maturities from 2011 to 2019 and term bonds will mature in 2024, 2029 and 2034.

PNC Capital Markets and National City Capital Markets will act as underwriters for the negotiated sale.

Proceeds from the offering will be used to construct new student housing facilities.

Grand Valley State University is headquartered in Allendale, Mich.

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