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University of Texas to price $235 million of revenue financing bonds
By Sheri Kasprzak
New York, Feb. 15 - The University of Texas System is expected to price $235 million of series 2012B revenue financing system refunding bonds, according to a preliminary official statement.
The bonds (Aaa/AAA/AAA) will be sold on a negotiated basis with Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. as the lead managers. The co-managers are Fidelity Capital Markets LLC; Goldman, Sachs & Co.; Loop Capital Markets LLC; Piper Jaffray & Co.; Ramirez & Co. Inc.; and Raymond James & Associates Inc.
The maturity dates have not been set.
Proceeds will be used to make capital improvements to the university, refinance certain outstanding commercial paper notes and refund other debt.
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