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Austin, Texas, to sell $160 million revenue refunding bonds this week
By Sheri Kasprzak
New York, Dec. 8 - Austin, Texas, is scheduled to price its $160 million in series 2008A water and wastewater revenue refunding bonds this week, according to a calendar of upcoming deals.
The bonds (Aa3/AA/AA-) will be sold on a negotiated basis with Merrill Lynch & Co. as the lead manager. The co-managers are Barclays Capital, Citigroup Global Markets, Morgan Stanley & Co. Inc., Morgan Keegan & Co., Southwest Securities Inc., Apex Pryor Securities, Cabrera Capital Markets and Estrada Hinojosa & Co.
The bonds are due 2011 to 2028.
Proceeds will be used to refund $150 million in outstanding tax-exempt commercial paper notes.
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