Austin, Texas, prepares $267 million airport system revenue bonds deal

By Sheri Kasprzak

New York, Dec. 3 – The City of Austin, Texas, is expected to bring to market $267 million of series 2014 airport system revenue bonds, according to a preliminary official statement.

The bonds (A1) will be sold through lead manager Citigroup Global Markets Inc. with RBC Capital Markets LLC, Morgan Stanley & Co. LLC, Piper Jaffray & Co., Loop Capital Markets LLC and Estrada Hinojosa & Co. Inc. as the co-managers.

The maturities have not been set.

Proceeds will be used to expand a terminal, design a parking garage and make other capital improvements at the Austin-Bergstrom International Airport.

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