By Aaron Hochman-Zimmerman
New York, June 3 - Texas priced $71.73 million series 2009 college student loan general obligation bonds (Aa1/AA/), according to Morgan Keegan & Co. Inc. senior vice president Buddy Kempf.
The bonds carry serial maturities from 2013 to 2030 with one term bond due 2033. Yields ranged from 2.17% to 4.98%.
Wachovia Securities LLC acted as the lead underwriter with Edward Jones & Co., Morgan Keegan & Co. Inc. and RBC Capital Markets Corp. acting as co-managers.
Proceeds will be used to make low-interest student loans for college students in Texas.
| Issuer: | Texas
|
| Issue: | Series 2009 college student loan general obligation bonds
|
| Amount: | $71.73 million
|
| Maturities: | Serial bonds 2013 to 2030, term bond 2033
|
| Yield range: | 2.17% to 4.98%
|
| Underwriters: | Wachovia Securities LLC
|
| Co-managers: | Edward Jones & Co., Morgan Keegan & Co. Inc., RBC Capital Markets Corp.
|
| Type: | Negotiated
|
| Pricing date: | June 3
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
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