University of Texas System to price $330.51 million revenue finance system bonds Wednesday

By Sheri Kasprzak

New York, March 1 - The University of Texas System is expected to price $330.51 million in series 2010A revenue finance system bonds on Wednesday, according to a preliminary official statement and a sale calendar.

The bonds (Aaa/AAA/AAA) will be sold on a negotiated basis with Wells Fargo Securities Inc. and Citigroup Global Markets Inc. as the senior managers. The co-managers are Estrada Hinojosa & Co. Inc., Fidelity Capital Markets Inc., Jefferies & Co. Inc., Morgan Keegan & Co. Inc. and Morgan Stanley & Co. Inc.

The maturities have not been set.

Proceeds will be used to refinance a portion of the university system's commercial paper notes, as well as to finance campus improvements.

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