By Aaron Hochman-Zimmerman
New York, April 21 - Harris County in Texas priced $220 million series 2009A toll road senior-lien revenue bonds at a true interest cost of 4.8% (Aa3/AA-/AA-), according to Edwin Harrison, county director of financial services.
Siebert Brandford Shank & Co. LLC acted as underwriter for the negotiated deal.
The bonds carry maturities from 2016 to 2038.
Proceeds will be used to repair and maintain county roads.
The Harris County seat is located in Houston.
| Issuer: | Harris County, Texas
|
| Issue: | Series 2009A toll road senior-lien revenue bonds
|
| Amount: | $220 million
|
| Maturities: | 2016 to 2038
|
| True interest cost: | 4.8%
|
| Type: | Negotiated
|
| Underwriter: | Siebert Brandford Shank & Co. LLC
|
| Pricing date: | April 21
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
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