Tuesday, July 17, 2007

Texas Agency to Borrow $1.9 Billion for a 20-Year Supply of Natural Gas

(Bloomberg) -- Texas Municipal Gas Acquisition &
Supply Corp. II will borrow $1.9 billion to finance a 20-year
supply of natural gas for municipal utilities in today's largest
U.S. offering of tax-exempt bonds.

The Houston-based special-purpose borrower will sell
floating-rate debt in a deal managed by JPMorgan Chase & Co.
South Carolina's Lexington Medical Center, the State University
of New York and two Boston-area colleges also plan to offer
almost $700 million of bonds as soon as today.


Read more at Bloomberg Bonds News

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