Texas plans to sell $125 million in G.O. college student loan bonds

By Sheri Kasprzak

New York, Feb. 9 - Texas is expected to price $125 million in series 2010 general obligation college student loan bonds, according to a preliminary official statement.

The bonds (Aa1/AA+/) will be sold on a negotiated basis with Wells Fargo Securities Inc. as the senior manager. The co-managers are Morgan Keegan & Co. Inc., Siebert Brandford Shank & Co. LLC and Southwest Securities Inc.

The maturities have not been set.

Proceeds will be used to fund student loan programs throughout the state.

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