Harris County, Texas, to price $203 million refunding bonds

By Cristal Cody

Tupelo, Miss., Oct. 14 - Harris County in Texas intends to price $203 million permanent improvement refunding bonds sometime between Oct. 21 and Oct. 23, a source with the issuer said Tuesday.

The series 2008C bonds (Aa1/AAA/) have serial maturities from 2010 through 2028.

Loop Capital Markets LLC is the senior manager of the negotiated sale. Co-managers are Kipling Jones & Co., Cabrera Capital Markets LLC, Citigroup Global Markets, Estrada Hinojosa & Co., Goldman, Sachs & Co., J.P. Morgan Securities Inc., Merrill Lynch & Co., Ramirez & Co. and RBC Capital Markets.

Proceeds will be used to defease the county's series A1 and series D general obligation commercial paper notes.

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