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Published on 8/25/2009 in the Prospect News Municipals Daily.

New Issue: Texas sells $50 million in G.O. bonds with 3.5%-5% coupons

By Sheri Kasprzak

New York, Aug. 25 - The state of Texas sold $50 million in series 2009 B general obligation veterans housing assistance program fund bonds, according to a pricing sheet.

The bonds (Aa1/AA+/) were sold through senior manager Goldman, Sachs & Co.

The bonds are due 2010 to 2024, with coupons ranging from 3.5% to 5%.

Proceeds will be used to fund mortgage loans.

Issuer:Texas
Issue:Series 2009B general obligation veterans housing assistance program fund bonds
Amount:$50 million
Type:Negotiated
Underwriter:Goldman, Sachs & Co.
Maturities:2010 to 2024
Coupons:3.5% to 5%
Ratings:Moody's: Aa1
Standard & Poor's: AA+
Pricing date:Aug. 25
Settlement date:Sept. 3

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