TERMS* [ Print Page ]    
  Issuer State of Texas
  Amount1 $7,200,000,000
  Type Issue/Series   Tax and Revenue Anticipation Notes
  Series 2020
  Pursuant to the NOS, the Comptroller has set the coupon rate at 4.00%.
  • Moody's: MIG 1
  • S&P: SP-1+
  • Fitch: F1+
  • Kroll: K1+
  •   Good Faith As set out in the NOS: To participate bidders must submit a signed Bid Commitment Form (see Attachment A to NOS) no later than 5:00 p.m. CT on Tuesday, August 18, 2020, including either (a) Form 1295 or (b) representation in the Bid Commitment Form that Form 1295 is not required.

    Winning Bidders must submit their Good Faith Deposit (wire) by 2pm CT following the Sale.

      Sale Date 8/19/20
      Dated Date 9/02/20
      Settlement Date2   9/02/20
      Sale Time 9:00 AM - 10:00 AM Eastern Time

      Interest Due 8/26/21
      Maturity Date 8/26/21
      Days to Maturity   358
      Day Basis Actual/365
      Call Dates Non-callable
      Min. Bid Price   $5,000,000
      Min. Bid Increment   $5,000,000
      Premium Bids   Allowed
      Discount Bids   Not Allowed
      Other Details The Notes have been assigned the following CUSIP Number: 882724SY4

    Pursuant to the NOS, the Comptroller has set the coupon rate at 4.00%.

      Bid Format Partial
      Auction Format  Closed
      Award Basis NIC
      Two-Minute Rule   No
      Bond Counsel Orrick, Herrington & Sutcliffe
    Austin, TX
      Web Site www.TRANTexas.com
      Contact Stifel Nicolaus & Company, Inc.
    Gary Machak
    Dallas, TX
    Phone: 469-676-5348 (Office)
      Issuer Texas Comptroller of Public Accounts
    Piper Montemayor
    Public Finance Manager - Treasury Operations
    Austin, TX
    Phone: 512-463-6369
    Terms as of 1/16/2021 @ 3:41 pm
    1Preliminary, subject to change
    2Check offering documents or with Issuer and/or FA to ascertain if settlement is Firm or Tentative.
    * Disclaimer: This Term Sheet is provided by Grant Street Group for informational purposes and the convenience of bidders. Grant Street Group is not responsible for any inaccuracy in the information displayed. Bidders should carefully review the Notice of Sale and Preliminary Official Statement and decide whether to purchase Bonds solely on the basis of the information provided therein.

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