Texas coordinates $92.45 million sale of water assistance G.O. bonds

By Sheri Kasprzak

New York, May 26 – The State of Texas is set to price $92,445,000 of series 2015 water financial assistance general obligation bonds, according to a preliminary official statement.

The deal includes $44.45 million of series 2015E economically distressed areas program bonds, $36,575,000 of series 2015F bonds and $11.42 million of series 2015G bonds.

The bonds (Aaa/AAA/AAA) will be sold on a negotiated basis with Ramirez & Co. Inc. as the senior manager. The co-managers are Loop Capital Markets LLC, Mesirow Financial Inc. and Samco Capital Markets Inc.

The 2015E bonds are due 2015 to 2035. The 2015F bonds are due 2015 to 2024, and the 2015G bonds are due 2016 to 2030.

Proceeds will be used to finance water capital projects for local government entities.

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