Central Texas Regional Mobility plans $294.12 million bond offering

By Sheri Kasprzak

New York, April 22 - The Central Texas Regional Mobility Authority is set to price $294.12 million of series 2013 revenue bonds during the week of April 22, according to a sales calendar.

The deal includes $158.46 million of series 2013A senior-lien revenue bonds (Baa2/BBB-/), $30 million of series 2013B senior-lien revenue bonds (Baa2/BBB-/) and $105.66 million of series 2013 subordinate-lien revenue bonds (Baa3/BB+/).

The bonds will be sold through J.P. Morgan Securities LLC.

Proceeds will be used to finance highway expansions and improvements.

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