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University of Texas to bring $330 million in revenue bonds on Thursday
By Sheri Kasprzak
New York, June 8 - The Board of Regents of the University of Texas is set to sell $330 million in series 2009B revenue financing system taxable bonds, according to a preliminary official statement. The sale is expected to take place on Thursday, according to a sales calendar.
The bonds (Aaa/AAA/AAA) will be sold through lead 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., RBC Capital Markets Inc. and Wachovia Bank.
The maturities have not yet been set.
Proceeds will be used to refinance commercial paper notes.
The university is based in Austin, Texas.
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