Harris County, Texas, plans $260 million sale of refunding bonds

By Sheri Kasprzak

New York, June 2 - Harris County in Texas is set to sell $260 million in series 2010 refunding bonds, according to a preliminary official statement.

The sale includes $100 million in series 2010A unlimited tax road refunding bonds and $160 million in series 2010B permanent improvement refunding bonds.

The bonds will be sold on a negotiated basis with Jefferies & Co. and Mesirow Financial Inc. as the senior managers. The co-managers are Barclays Capital Inc.; Hutchinson, Shockey, Erley & Co.; J.P. Morgan Securities Inc.; Loop Capital Markets LLC; Piper Jaffray & Co.; and Siebert Brandford Shank & Co. LLC.

The 2010A bonds are due 2011 to 2028 with a term bond, the maturity of which has not been set. The 2010B bonds are due 2011 to 2028 with a term bond.

Proceeds will be used to refund existing debt.

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