Texas Public Finance plans $300 million taxable G.O., refunding bonds

By Sheri Kasprzak

New York, July 18 - The Texas Public Finance Authority is set to price $300 million of series 2011 taxable general obligation and refunding bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Jefferies & Co. as the lead manager. The co-managers are J.P. Morgan Securities LLC; Mesirow Financial Inc.; Morgan Stanley & Co. Inc.; Piper Jaffray & Co.; Raymond James & Associates Inc.; Stifel, Nicolaus & Co. Inc.; and Wells Fargo Securities LLC.

The bonds are due 2012 to 2031.

Proceeds will be used to make grants to the Cancer Prevention and Research Institute of Texas, as well as to refund existing commercial paper held by the institute.

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