University of Texas plans to sell $520 million revenue financing system taxable bonds Wednesday

By Sheri Kasprzak

New York, June 18 - The Board of Regents of the University of Texas System is set to sell $520 million in series 2010D revenue financing system taxable bonds on Wednesday, according to a sales calendar.

The bonds (Aaa/AAA/AAA) will be sold through 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.

Proceeds will refund a portion of the Austin, Texas-based university's tax-exempt commercial paper notes, as well as finance campus improvements.

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