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University of Texas System to sell $255 million revenue bonds Dec. 9
By Sheri Kasprzak
New York, Nov. 25 - The University of Texas System is expected to price $255 million in series 2008A revenue financing system bonds on Dec. 9, according to a preliminary official statement.
The bonds (//AAA) will be sold on a negotiated basis with Morgan Stanley & Co. Inc. as the senior manager. The co-managers are Morgan Keegan & Co., Loop Capital Markets, Ramirez & Co. and Siebert Brandford Shank & Co.
The bonds are due from 2009 to 2024.
Proceeds will be used to refund outstanding revenue financing system commercial paper notes.
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