Austin organizes $147.55 million improvement refunding bonds offering

By Sheri Kasprzak

New York, Sept. 16 - The City of Austin, Texas, is slated to price $147.55 million of series 2013 public improvement refunding bonds during the week of Sept. 16, according to a sales calendar.

The deal includes $55.9 million of series 2013A bonds and $91.65 million of series 2013B taxable bonds.

The bonds (Aaa/AAA/AAA) will be sold on a negotiated basis with Raymond James/Morgan Keegan as the senior manager.

Proceeds will be used to refund existing debt for interest cost savings.

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