Camino Real Regional Mobility, Texas, prepares $66.1 million bond deal

By Sheri Kasprzak

New York, May 7 - The Camino Real Regional Mobility Authority of Texas plans to sell $66.1 million of series 2014 senior lien vehicle registration fee revenue bonds, according to a preliminary official statement.

The bonds (/AA-/) will be sold on a negotiated basis with BofA Merrill Lynch as the senior manager. The co-managers are Estrada Hinojosa & Co. Inc., Ramirez & Co. Inc. and Raymond James/Morgan Keegan.

The maturities have not been set.

Proceeds will be used to finance long-term transportation project.

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