University of Texas to sell $373.27 million in revenue bonds Tuesday

By Sheri Kasprzak

New York, March 22 - The Board of Regents of the University of Texas System plans to price its previously announced $373.27 million in series 2010B revenue finance system refunding bonds on Tuesday, said a sales calendar.

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.

Proceeds will be used to refund existing debt.

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