By Sheri Kasprzak
New York, Nov. 17 - Texas priced $125 million in series 2009 general obligation bonds (Aa1/AA-/AA-) on Tuesday, said a sellside source connected to the deal.
The deal included $101 million in series 2009E bonds, which are due 2010 to 2029, and $24 million in series 2009F bonds, which are due 2010 to 2026.
The 2009E bonds have yields from 0.85% to 4.18%. The 2009F bonds have 0.85% to 4.15% yields.
Morgan Keegan & Co. Inc. was the lead manager. The co-managers were Citigroup Global Markets Inc., Fidelity Capital Markets Inc., Loop Capital Markets LLC, Southwest Securities Inc. and Ramirez & Co. Inc.
Proceeds will be used to fund water infrastructure improvements to local governments.
| Issuer: | State of Texas
|
| Issue: | Series 2009 general obligation bonds
|
| Amount: | $125 million
|
| Maturities: | 2010 to 2029 (2009E); 2010 to 2026 (2009F)
|
| Yields: | 0.85% to 4.18% (2009E); 0.85% to 4.15% (2009F)
|
| Type: | Negotiated
|
| Underwriters: | Morgan Keegan & Co. Inc. (lead), Citigroup Global Markets Inc., Fidelity Capital Markets Inc., Loop Capital Markets LLC, Southwest Securities Inc. and Ramirez & Co. Inc. (co-managers)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
| Pricing date: | Nov. 17
|
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