Mission Economic Development, Texas, eyes $1.4 billion Natgasoline deal

By Sheri Kasprzak

New York, Oct. 20 – The Mission Economic Development Corp. of Texas is set to price $1.4 billion of series 2015 revenue bonds for Natgasoline, according to a preliminary official statement.

The offering includes $1,159,860,000 of series 2015A taxable senior lien revenue bonds and $240.14 million of series 2015B tax-exempt junior lien revenue bonds.

The bonds will be sold through senior manager BofA Merrill Lynch with Credit Agricole CIB as the co-manager.

The maturities have not been set.

Proceeds will be used to finance the construction, equipment and installation of a methanol production facility in Beaumont, Texas, for Natgasoline.

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