Texas Higher Education Coordinating Board to price $102.655 million G.O. bonds Tuesday

By Cristal Cody

Springdale, Ark., May 30 - The Texas Higher Education Coordinating Board expects to price $102.655 million general obligation bonds in a competitive sale on Tuesday, according to a sale notice.

The $74.455 million series 2008A college student loan bonds and $28.2 million series 2008B college student loan refunding bonds (Aa1/AA/) had been planned for sale on Thursday, but the short business week made it difficult to get the best bids, a source told Prospect News.

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 adviser.

Proceeds will be used to fund a student loan program and to refund the outstanding $26.82 million in Aug. 1, 2009 maturities from the series 1997, 1999, 2000 and 2002 student loan bonds.

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