Texas preps $133.5 million sale of water financial assistance G.O.s

By Sheri Kasprzak

New York, May 9 - The State of Texas plans to price $133.5 million of series 2011A water financial assistance general obligation bonds, said a preliminary official statement. Pricing is expected on May 17.

The bonds (Aaa/AA+/AAA) will be sold through Jefferies & Co. with Bank of America Merrill Lynch, Citigroup Global Markets Inc., Coastal Securities Inc., Ramirez & Co. Inc., Southwest Securities Inc. and Stifel, Nicolaus & Co. LLC.

The bonds are due 2011 to 2030.

Proceeds will be used to provide financial assistance to political subdivisions for water infrastructure requirements.

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