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Texas plans to price $119.22 million in G.O. bonds via Morgan Keegan
By Sheri Kasprzak
New York, Nov. 9 - Texas is expected to sell $119.215 million in series 2009 general obligation bonds, according to a preliminary official statement.
The offering includes $94.225 million in series 2009E water financial assistance bonds and $24.99 million in series 2009F water financial assistance bonds.
The bonds (Aa1/AA+/AA+) will be sold through senior manager Morgan Keegan & Co. Inc. The co-managers include Citigroup Global Markets Inc., Fidelity Capital Markets Inc., Loop Capital Markets Inc., Southwest Securities Inc. and Ramirez & Co. Inc.
The 2009E bonds are due 2010 to 2029 with a term bond. The 2009F bonds are due 2010 to 2026 with a term bond.
Proceeds will be used to fund water infrastructure improvements to local governments.
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