Board of Regents of the University of Texas System to price $373.27 million refunding bonds

By Sheri Kasprzak

New York, March 10 - The Board of Regents of the University of Texas System is expected to sell $373.27 million in series 2010B revenue finance system refunding bonds, according to a preliminary official statement.

The bonds (Aaa/AAA/AAA) will be sold on a negotiated basis with RBC Capital Markets Inc. and Piper Jaffray & Co. as the senior managers.

The co-managers are Bank of America Merrill Lynch, J.P. Morgan Securities Inc., Loop Capital Markets LLC, Ramirez & Co. and Raymond James & Associates Inc.

The maturities have not been set.

Proceeds will be used to refund existing debt.

The Board of Regents of the University of Texas has its administrative offices in Austin, Texas.

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