Texas Public Finance readies $441.87 million general obligation bonds

By Sheri Kasprzak

New York, Oct. 9 – The Texas Public Finance Authority is expected to price $441,865,000 of series 2015C taxable general obligation and refunding bonds on Wednesday, according to a preliminary official statement.

The bonds (Aaa/AAA/AAA) will be sold through senior managers Piper Jaffray & Co. and Goldman, Sachs & Co. The co-managers are Citigroup Global Markets Inc., Mesirow Financial Inc., RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC and Samco Capital Markets Inc.

The bonds are due 2016 to 2035.

Proceeds will be used to finance grants for cancer research and prevention by the Cancer Prevention and Research Institute of Texas, as well as to refund commercial paper.

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