Lower Colorado River Authority, Texas, preps $189.66 million bond sale

By Sheri Kasprzak

New York, June 9 – The Lower Colorado River Authority of Texas plans to price $189,655,000 of series 2016 transmission contract refunding revenue bonds, said a preliminary official statement.

The bonds (/A/A+) will be sold on a negotiated basis with Barclays and Goldman, Sachs & Co. as the senior managers. The co-managers are BofA Merrill Lynch, Citigroup Global Markets Inc. and Wells Fargo Securities LLC.

The bonds are due 2017 to 2036 with term bonds due in 2041 and 2046.

Proceeds will be used to refund outstanding short-term transmission contract notes.

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