Texas A&M University System to price $128.93 million of bonds

By Sheri Kasprzak

New York, Feb. 8 - The Board of Regents of the Texas A&M University System is set to price $128.93 million of series 2011 financing system revenue bonds, according to a preliminary official statement. The offering will open to bids on Feb. 15 and close on Aug. 15, according to a notice of sale.

The bonds (Aaa/AA+/AA+) will be sold competitively with FirstSouthwest Co. as the financial adviser.

The sale includes $22.37 million of series 2011A and $106.56 million of series 2011B bonds.

The 2011A bonds are due 2011 to 2021, and the 2011B bonds are due 2012 to 2041.

Proceeds will be used to refund the university system's series 2001A-B bonds.

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