Texas readies $155.41 million sale of water financial assistance G.O.s

By Sheri Kasprzak

New York, Aug. 27 - The State of Texas plans to price $155.41 million of series 2012G water financial assistance general obligation bonds, according to a preliminary official statement.

The bonds (Aaa/AA+/AAA) will be sold through senior manager Barclays. The co-managers are Frost Bank, Jefferies & Co., M.R. Beal & Co. and Siebert Brandford Shank & Co. LLC.

The bonds are due 2013 to 2041.

Proceeds will be used to finance loans to political subdivisions for water projects.

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