Western Michigan University to sell $50.38 million bonds Wednesday

By Sheri Kasprzak

New York, Feb. 10 - Western Michigan University is scheduled to sell its previously announced $50.38 million in series 2009 general revenue refunding bonds on Wednesday, according to a calendar of upcoming sales.

The bonds (Aa2/AAA/) will be sold through senior managers Citigroup Global Markets Inc. and J.P. Morgan Securities Inc.

The bonds are due 2009 to 2022.

Proceeds will be used to refund the university's series 2007 bonds and to terminate a 2007 swap payment.

The university is based in Kalamazoo.

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