Texas A&M University to price $65.3 million flexible-rate notes

By Cristal Cody

Springdale, Ark., July 22 - The Board of Regents of Texas A&M University System plans to price $65.3 million flexible-rate notes in a competitive sale on Monday, according to a preliminary official statement.

The permanent university fund notes (Aaa/AAA/) are an installment of a $125 million note authorization. The board expects to sell another $50 million note installment in 2009.

The current installment includes $52 million in notes with a mandatory tender date on Sept. 17, 2008 and $13.3 million notes with a mandatory tender date on Aug. 14, 2008.

First Southwest Co. is the board's financial adviser.

Proceeds will be used to make improvements to university facilities.

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