Western Michigan University preps $68.02 million offering of bonds

By Sheri Kasprzak

New York, May 19 - The Board of Trustees of Western Michigan University is set to price $68.015 million of series 2011 general revenue and refunding bonds, according to a preliminary official statement.

The bonds (A1/A/) will be sold through Morgan Stanley & Co. Inc. and Stifel, Nicolaus & Co. Inc.

The bonds are due 2012 to 2026 with term bonds due 2031, 2036 and 2040.

Proceeds will be used to construct, equip and furnish the College of Education and Human Development, as well as to refund the university's series 2001 bonds.

The university is located in Kalamazoo, Mich.

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