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University of Texas preps $520 million sale of taxable revenue bonds
By Sheri Kasprzak
New York, June 17 - The Board of Regents of the University of Texas System plans to price $520 million in series 2010D 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 Barclays Capital Inc. The co-managers are Cabrera Capital Markets LLC; Estrada Hinojosa & Co. Inc.; Fidelity Capital Markets Inc.; Goldman, Sachs & Co.; Loop Capital Markets LLC; Morgan Keegan & Co. Inc.; Southwest Securities Inc.; and Stone & Youngberg.
The maturities have not been set.
Proceeds will be used to refund a portion of the university's tax-exempt commercial paper notes, as well as to finance campus improvements.
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