University of Texas regents to price $330 million bonds Wednesday

By Sheri Kasprzak

New York, June 5 - The Board of Regents of the University of Texas System is set to sell $330 million in series 2009B revenue financing system taxable bonds, according to a preliminary official statement.

The bonds (Aaa/AAA/AAA) will be sold through senior managers Morgan Stanley & Co. Inc. and J.P. Morgan Securities Inc.

The co-managers are Estrada Hinojosa & Co. Inc., Loop Capital Markets LLC, Morgan Keegan & Co. Inc., RBC Capital Markets Corp. and Wachovia Bank.

Proceeds will be used to refinance commercial paper notes and to fund the cost of campus improvements.

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