Trinity River Authority, Texas, plans $95.57 million wastewater deal

By Sheri Kasprzak

New York, Oct. 7 – The Trinity River Authority of Texas is expected to price $95.57 million of series 2014 regional wastewater system revenue refunding bonds, according to a preliminary official statement.

The bonds (/AAA/AA+) will be sold on a negotiated basis with Morgan Stanley & Co. LLC as the senior manager. The co-managers are Estrada Hinojosa & Co. Inc., Loop Capital Markets LLC, Raymond James/Morgan Keegan, Piper Jaffray & Co. and BOSC Inc.

The bonds are due 2015 to 2029.

Proceeds will be used to refund the authority’s series 2004 and 2005 regional wastewater revenue bonds.

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