Lower Colorado River, Texas, to sell $201.98 million refunding bonds

By Sheri Kasprzak

New York, April 9 - The Lower Colorado River Authority of Texas is scheduled to price $201.98 million of series 2013A transmission contract revenue refunding bonds during the week of April 8, according to a preliminary official statement.

The bonds (A2/A/A+) will be sold through senior manager Citigroup Global Markets Inc. The co-managers are Barclays, BofA Merrill Lynch, Morgan Stanley & Co. LLC, BMO Capital Markets LLC, J.P. Morgan Securities LLC, RBC Capital Markets LLC, Rice Financial Products Co., Southwest Securities Inc. and Wells Fargo Securities LLC.

The bonds are due 2014 and 2024 to 2033 with a term bond due in 2036.

Proceeds will be used to refund existing debt.

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