Texas Public Finance Authority to price $341.47 million of G.O. refunding bonds Tuesday

By Sheri Kasprzak

New York, June 18 - The Texas Public Finance Authority is expected to price $341.47 million of series 2010 general obligation refunding bonds on Tuesday, according to a sales calendar.

The offering includes $190.71 million of series 2010A bonds and $150.76 million of series 2010B bonds.

The bonds (Aaa/AA+/AAA) will be sold on a negotiated basis. Barclays Capital Inc. is the lead manager. The co-managers are Cabrera capital Markets Inc., Citigroup Global Markets Inc., Jefferies & Co. Inc., Ramirez & Co. Inc., Loop Capital Markets LLC, Piper Jaffray & Co. and Morgan Keegan & Co. Inc.

The 2010A bonds are due 2010 to 2029 with term bonds, and the 2010B bonds are due 2010 to 2029 with term bonds.

Proceeds will be used to refund a portion of the authority's commercial paper notes and general obligation bonds.

The authority, based in Austin, was formerly known as the Texas Public Building Authority. The authority constructs or acquires state office buildings.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.