Texas A&M University to sell $349.73 million revenue bonds Thursday

By Sheri Kasprzak

New York, Feb. 6 - The Texas A&M University System said it will sell $349.725 million in series 2009 revenue financing system bonds (Aa1/AA+/) Thursday, according to a preliminary official statement.

The sale includes $270.96 million in series 2009A bonds and $78.765 million in series 2009B bonds.

The 2009A bonds will be sold through lead manager J.P. Morgan Securities Inc. with Banc of America Securities LLC; M.R. Beal & Co.; Samuel A. Ramirez & Co.; Siebert Brandford Shank & Co.; Merrill Lynch & Co.; Piper Jaffray & Co.; and RBC Capital Markets Corp. as the co-managers. The lead manager for the 2009B bonds is Morgan Keegan & Co. Inc. with Citigroup Global Markets Inc.; Estrada Hinojosa & Co.; Loop Capital Markets LLC; Morgan Stanley & Co. Inc.; and SBK-Brooks Investment Corp. as co-managers.

The 2009A bonds are due 2010 to 2029 and the 2009B bonds are due 2010 to 2039.

Proceeds will be used to construct, equip and acquire facilities on the university's campus, as well as to refinance the university's outstanding commercial paper.

Texas A&M is headquartered in College Station.

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