CHICAGO - The University of Michigan will sell $224.5 million of variable-rate general revenue bonds the week of March 5 as part of its 10-year, $6 billion capital campaign that includes construction of a new hospital and business school.

The sale - the university's largest issue in the last 15 years - will be followed by $1 billion of additional borrowing over the next 10 years to finance remaining pieces of the capital plan, said assistant treasurer Milagros Dougan.

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