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Harris County, Texas, to price $325 million toll road bonds
By Cristal Cody
Springdale, Ark., July 16 - Harris County, Texas, plans to price $325 million senior-lien toll road revenue and refunding bonds, a source said Wednesday.
The series 2008B bonds (Aa3) will price on July 22.
Goldman, Sachs & Co. is the senior manager of the negotiated sale. Co-managers are JPMorgan, Citigroup Global Markets, Estrada Hinojosa & Co., Lehman Brothers, Loop Capital Markets LLC and Siebert Brandford Shank & Co.
Proceeds will be used to refund the county's series E commercial paper notes, finance a portion of the toll road project and fund an increase in the debt service reserve requirement.
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