Lower Colorado River Authority, Texas, plans $307.97 million sale of refunding bonds for March 5

By Sheri Kasprzak

New York, Feb. 22 - The Lower Colorado River Authority of Texas is set to price $307.97 million of series 2013 transmission contract refunding revenue bonds on March 5, according to a preliminary official statement.

The bonds (A2/A/A+) will be sold on a competitive basis with OBP Muni LLC as the financial adviser.

The bonds are due 2014 to 2043.

Proceeds will be used to refund the $320 million of transmission contract revenue notes.

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