Austin Community College, Texas, to sell $119.43 million revenue bonds

By Cristal Cody

Springdale, Ark., July 25 - The Austin Community College District Public Facility Corp. in Texas plans to price $119.425 million lease revenue bonds for the Round Rock Campus, according to a preliminary official statement.

The series 2008 bonds (Aa3/AA/) have serial maturities from 2010 through 2033.

Wachovia Bank NA is the senior manager of the negotiated sale. Co-managers are Estrada, Hinojosa & Co., Cabrera Capital Markets, First Southwest Co. and RBC Capital Markets.

Proceeds will be used to acquire, construct and equip the campus.

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