Fort Bend County, Texas, prepares $144.2 million bond sale for Tuesday

By Sheri Kasprzak

New York, April 13 – Fort Bend County, Texas, is ready to price $144.2 million of series 2015 road and refunding bonds on Tuesday, said a preliminary official statement.

The offering includes $50.91 million of series 2015A unlimited tax road and refunding bonds and $93.29 million of series 2015B limited tax refunding bonds.

The bonds (Aa1) will be sold through senior managers Citigroup Global Markets Inc. and Loop Capital Markets LLC. The co-managers are BOSC Inc., Estrada Hinojosa & Co. Inc. and Stifel, Nicolaus & Co.

The 2015A bonds are due 2016 to 2035, and the 2015B bonds are due 2018 to 2031.

Proceeds will be used to acquire, repair, construct and improve the county’s macadamized, gravel and paved roads and turnpikes and to refund its series 2006, 2007, 2009, 2010, 2012 and 2014 bonds.

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