Texas Higher Education Coordinating Board to price $102.44 million G.O. bonds

By Cristal Cody

Springdale, Ark., May 23 - The Texas Higher Education Coordinating Board plans to price $102.435 million of general obligation bonds (Aa1/AA/) in a competitive sale, according to a notice.

The $74.39 million series 2008A college student loan bonds and $28.045 million series 2008B college student loan refunding bonds will price on a day between May 28 and June 10, according to the notice.

Bidders will be given notice at least 12 hours prior to the sale.

The series 2008A bonds have serial maturities from 2012 through 2032. The series 2008B bonds have maturities from 2014 through 2018.

First Southwest Co. is the state board's financial advisor.

Proceeds will be used to fund an ongoing student loan program that provides low interest loans to eligible students and to refund the outstanding $26.82 million in Aug. 1, 2009 maturities from the state's series 1997, series 1999, series 2000 and series 2002 student loan bonds.

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