Texas Public Finance prepares $136.1 million of G.O. refunding bonds

By Sheri Kasprzak

New York, April 8 – The Texas Public Finance Authority is set to price $136,105,000 of series 2015 general obligation refunding bonds, according to a preliminary official statement.

The offering includes $130.81 million of series 2015A G.O. refunding bonds and $5,295,000 of series 2015B park development G.O. refunding bonds.

The bonds (Aaa/AAA/AAA) will be sold through Morgan Stanley & Co. LLC and Raymond James/Morgan Keegan. The co-managers are Hutchinson, Shockey, Erley & Co.; Samco Capital Markets Inc.; and Siebert Brandford Shank & Co. LLC.

The 2015A bonds are due 2017 to 2028, and the 2015B bonds are due 2015 to 2019.

Proceeds will be used to refund existing G.O. debt.

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