North Texas Higher Education offers $127.6 million student loan bonds

By Sheri Kasprzak

New York, Oct. 18 - The North Texas Higher Education Authority is set to sell $127.6 million in series 2010-2 tax-exempt non-AMT Libor floating-rate student loan revenue bonds, according to a preliminary official statement.

The bonds (/AAA/AAA) will be sold on a negotiated basis with Bank of America Merrill Lynch as the lead manager. The co-manager is Deutsche Bank Securities Inc.

The bonds are due April 1, 2037.

Proceeds will be used to finance student loans.

Based in Arlington, Texas, the authority provides affordable student loans.

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