Texas Public Finance preps $357.41 million of G.O. and refunding bonds

By Sheri Kasprzak

New York, July 13 - The Texas Public Finance Authority is set to sell $357.41 million of series 2011 general obligation and refunding bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Siebert Brandford Shank & Co. LLC and RBC Capital Markets LLC as the senior managers. The co-managers are Barclays Capital Inc.; Hutchinson, Shockey, Erley & Co.; M.R. Beal & Co.; Ramirez & Co.; Samco Capital Markets LLC; and Sterne, Agee & Leach Inc.

The bonds are due 2012 to 2030.

Proceeds will be used to finance projects for the Texas Department of Criminal Justice, the Department of State Health Services, the Texas Facilities Commission and the Texas State School for the Blind and Visually Impaired, as well as to refund some of the authority's existing debt.

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