Texas to bring $91.65 million of water financial assistance bonds

By Sheri Kasprzak

New York, Sept. 1 - The State of Texas plans to price $91.645 million of series 2011B water financial assistance general obligation bonds, according to a preliminary official statement.

The bonds (Aaa/AA+/AAA) will be sold on a negotiated basis with Piper Jaffray & Co. as the lead manager. The co-managers are Fidelity Capital Markets LLC, Morgan Stanley & Co. LLC, Loop Capital Markets LLC and Raymond James & Associates Inc.

The bonds are due 2012 to 2031.

Proceeds will be used to provide grants to local political subdivisions for water infrastructure improvements.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.