Austin, Texas, to price $50 million revenue bonds on Feb. 28

By Sheri Kasprzak

New York, Feb. 21 - The City of Austin, Texas, will price $50 million in series 2008 taxable series electric utility revenue refunding bonds on Feb. 28. The bonds (A1) will be sold for the benefit of the Austin Electric Enterprise Electric Utilities.

The offering will be conducted on a negotiated basis through Banc of America Securities LLC, said Elaine Hart with the utility in an interview Friday.

Proceeds will be used to refund the utilities' $50 million in outstanding commercial paper notes.

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