WMU HOME > ABOUT WMU > WMU NEWS Trustees approve issuance of bonds for chemistry building Dec. 20, 2004 KALAMAZOO--Acting at their Dec. 10 meeting, Western Michigan University trustees authorized issuance of general revenue obligation bonds expected to generate $39 million in proceeds to be used to finance new initiatives on campus. The trustees also authorized existing variable rate debt to be converted to fixed rate bonds. Taking advantage of current favorable bond rates, the university will use the new debt proceeds to generate cash in anticipation of gifts already committed to WMU and finance the construction of a new chemistry building on main campus. Media contact: Cheryl Roland, 269 387-8400, cheryl.roland@wmich.edu WMU News Office of University Relations Western Michigan University 1903 W Michigan Ave Kalamazoo MI 49008-5433 USA 269 387-8400 www.wmich.edu/wmu/news