CHICAGO — The triple-A rated University of Michigan Wednesday will sell $220 million of general revenue bonds to finance part of its 10-year, $5.5 billion capital plan.

Most of the debt will be issued as taxable Build America Bonds, with a small series — tentatively set at $14 million — to be sold as traditional tax-exempts. The sale will mark the Ann Arbor-based school’s third BAB sale since June.

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