Trinity River Authority, Texas, to price $50.44 million revenue bonds

By Cristal Cody

Tupelo, Miss., Oct. 24 - The Trinity River Authority of Texas plans to price $50.44 million series 2008 revenue bonds for the Tarrant County water project, according to a preliminary official statement.

The series 2008 bonds (A1/AA/) have serial maturities from 2011 through 2024 and from 2026 through 2028.

Southwest Securities is the senior manager of the negotiated sale. Co-managers are RBC Capital Marks, Stifel Nicolaus and Estrada Hinojosa & Co.

Proceeds will be used to finance $42.3 million of the cost of improvements and an extension to the surface water treatment plan and distribution system.

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