Texas prepares $98.7 million college student loan refunding bond sale

By Sheri Kasprzak

New York, May 15 - The State of Texas is expected to price $98.7 million of series 2013A college student loan refunding bonds, according to a notice of sale.

The bonds (Aaa/AA+/) will be sold competitively on a day between May 15 to June 15. The financial adviser is First Southwest Co.

The bonds are due 2014 to 2023.

Proceeds will be used to refund the state's series 1999 college student loan bonds and its series 2003 variable-rate college student loan and refunding bonds.

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