TITLE

UT Sets $680M Sale

AUTHOR(S)
Williamson, Richard
PUB. DATE
February 2008
SOURCE
Bond Buyer;2/19/2008, Vol. 363 Issue 32818, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of the University of Texas System to issue $680 million of variable-rate revenue bonds swapped to a synthetic fixed-rate in March 2008. It believes that the deal would have a strong appeal due to the triple-A ratings and the ability to provide its own liquidity. It named JP Morgan and Lehman Brothers as senior managers to the deal. Proceeds will help finance $462 million of commercial paper, refund $35 million debt, and finance campus improvements.
ACCESSION #
30036041

 

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