Texas coordinates $5.4 billion tax and revenue anticipation notes sale

By Sheri Kasprzak

New York, July 30 – The State of Texas plans to price $5.4 billion of series 2014 tax and revenue anticipation notes on Aug. 26, said a notice of sale.

The notes will be sold competitively with George K. Baum & Co. as the financial adviser.

The notes are due Aug. 31, 2015.

Proceeds will be used to finance capital expenditures for the coming fiscal year.

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