Carnegie Mellon University, Pa., to price $170 million bonds Tuesday

By Sheri Kasprzak

New York, July 31 - The Pennsylvania Higher Educational Facilities Authority is expected to price $170 million in series 2009 revenue bonds for Carnegie Mellon University on Tuesday, according to a sales calendar.

The bonds (/AA-/) will be sold on a negotiated basis with Merrill Lynch & Co. Inc. as the senior manager.

Proceeds will be used to make repairs and renovations to the university.

Carnegie Mellon University is based in Pittsburgh.

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