Austin, Texas, intends to price $90.52 million public improvement refunding bonds Thursday

By Sheri Kasprzak

New York, Oct. 11 - The City of Austin, Texas, plans to bring to market $90.515 million of series 2011A public improvement refunding bonds on Thursday, according to a preliminary official statement.

The bonds (Aaa/AAA/AAA) will be sold on a negotiated basis with Ramirez & Co. Inc. as the lead manager.

The co-managers are Barclays Capital Inc., Citigroup Global Markets Inc., Cabrera Capital Markets LLC, Morgan Keegan & Co. Inc., Morgan Stanley & Co. LLC, Rice Financial Products Co., Siebert Brandford Shank & Co. LLC and Southwest Securities Inc.

The bonds are due 2012 to 2024.

Proceeds will be used to refund the city's outstanding series 2001 and 2002 public improvement bonds.

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