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Guadalupe-Blanco River Authority, Texas, preps $63.16 million offering
By Sheri Kasprzak
New York, June 7 - The Guadalupe-Blanco River Authority of Texas plans to sell $63,155,000 of series 2013 contract revenue refunding bonds for the Western Canyon Regional Water Supply project, said a preliminary official statement.
The offering includes $56,835,000 of series 2013A bonds and $6.32 million of series 2013B taxable bonds.
The bonds (Aa1/AA+/) will be sold on a negotiated basis with Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. as the lead managers. The co-managers are BOSC Inc., Piper Jaffray & Co. and Cabrera Capital Markets LLC.
The 2013A bonds are due 2014 to 2033, and the 2013B bonds are due 2014 to 2033.
Proceeds will be used to refund the authority's series 2003 Western Canyon Regional Water Supply revenue bonds.
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