Texas to sell $85.54 million college student loan G.O. bonds July 10

By Sheri Kasprzak

New York, July 2 - The State of Texas is scheduled to come to market with $85,535,000 of series 2012 college student loan general obligation bonds on July 10, according to a preliminary official statement.

The bonds (Aaa/AA+/) will be sold on a competitive basis with Estrada Hinojosa & Co. Inc. as the financial adviser.

The bonds are due 2016 to 2035.

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

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