Rates Prompt TPFA to Pump Up Offering to $190 Million

Albanese, Elizabeth
June 2003
Bond Buyer;6/3/2003, Vol. 344 Issue 31648, p34
Trade Publication
The Texas Public Finance Authority (TPFA) will sell about $190 million of general obligation bonds in a deal on June 3, 2003 that has been reinforced from its original size to take advantage of low interest rates to raise new capital and refinance debt to save the state money in the near term. The authority originally planned to offer $80 million in bonds back in January, but decided to hold off issuing the debt until it had a better idea of what the Legislature would do with the state's budget, according to TPFA executive director Kimberly Edwards.


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