Texas State University System to price $217 million revenue bonds

By Cristal Cody

Springdale, Ark., July 24 - The Board of Regents of the Texas State University System expects to price $217 million revenue bonds the week of July 28, a source said Thursday.

The exact pricing date is still open.

The series 2008 revenue financing system bonds (Aa3/AA-/) have serial maturities due Aug. 27, 2008 and March 15, 2009 through March 15, 2028.

Lehman Brothers is the senior manager of the negotiated sale. Co-managers are RBC Capital Markets, Estrada Hinojosa & Co. and Piper Jaffray & Co.

Proceeds will be used to refund outstanding debt and acquire, construct, renovate and equip property, buildings and roads for the university system.

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