Texas Southern University organizes $64.04 million of refunding bonds

By Sheri Kasprzak

New York, Aug. 1 - The Texas Public Finance Authority plans to sell $64,035,000 of series 2013 refunding bonds for the Texas Southern University, according to a preliminary official statement.

The bonds (Baa1//BBB+) will be sold through lead manager RBC Capital Markets LLC with Loop Capital Markets LLC and Mesirow Financial Inc. as the co-managers.

The bonds are due 2013 to 2023.

Proceeds will be used to refund the university's series 1998A-1, 1998A-2, 2002 and 2003 revenue bonds.

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