Texas Permanent University to sell $400.91 million bonds Oct. 30

By Sheri Kasprzak

New York, Oct. 20 - Texas Permanent University is scheduled to price $400.905 million in series 2008A variable-rate permanent university fund bonds on Oct. 30, a sellside source confirmed to Prospect News Monday.

The bonds (/AAA/A-1+/AAA/F1+) will be sold on a negotiated basis with Morgan Stanley & Co. Inc. as the senior manager and RBC Capital Markets as the co-manager.

The proceeds from the offering will be used to refund certain outstanding flexible-rate notes of the university.

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