Texas organizes $177 million sale of water finance assistance bonds

By Sheri Kasprzak

New York, Dec. 2 - The State of Texas is expected to price $177 million of series 2013 water finance assistance refunding bonds during the week of Dec. 2, according to a sales calendar.

The deal included $20 million of series 2013D taxable bonds, $15,095,000 of series 2013E taxable bonds, $27,295,000 of series 2013F taxable bonds and $114.61 million of series 2013G taxable bonds.

The bonds (Aaa/AAA/AAA) will be sold through J.P. Morgan Securities LLC.

Proceeds will be used to refund existing debt initially used to fund loans to local governments for water capital projects.

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