Texas to price $222.48 million offering of general obligation bonds

By Sheri Kasprzak

New York, Oct. 21 – The State of Texas is set to price $222,475,000 of series 2015D water financial assistance general obligation bonds, according to a preliminary official statement.

The bonds (Aaa/AAA/AAA) will be sold through Jefferies & Co. with Frost Bank, FTN Financial Capital Markets, Piper Jaffray & Co., Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC as the co-managers.

The bonds are due 2021 to 2035 with term bonds due in 2040 and 2045.

Proceeds will be used to finance water assistance projects.

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