By Sheri Kasprzak
New York, June 10 - Harris County, Texas, sold $260 million in series 2010 refunding bonds on Thursday, according to a pricing sheet.
The offering included $100 million in series 2010A unlimited tax road refunding bonds and $160 million in series 2010B permanent improvement refunding bonds.
The full pricing terms were not immediately available Thursday evening. The 2010A bonds are due 2016 to 2024 with coupons from 4% to 5%. The 2010B bonds are due 2016, 2018 to 2021 and 2023 to 2024. The 2016 bonds have a 4% coupon, the 2018 to 2021 coupons range from 4% to 5% and the 2023 to 2024 bonds have 5% coupons.
The bonds were sold through Jefferies & Co. and Mesirow Financial Inc. The co-managers were 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.
Proceeds will be used to refund existing debt.
| Issuer: | Harris County, Texas
|
| Issue: | Series 2010 refunding bonds
|
| Amount: | $260 million
|
| Type: | Negotiated
|
| Underwriters: | Jefferies & Co. and Mesirow Financial Inc. (lead); 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 (co-managers)
|
| Pricing date: | June 10
|
| Settlement date: | July 7
|
|
|
| Series 2010A
|
| Maturity | Type | Coupon
|
| 2016 | Serial | 4%
|
| 2017 | Serial | 4%
|
| 2018 | Serial | 5%
|
| 2019 | Serial | 4%
|
| 2020 | Serial | 4%
|
| 2021 | Serial | 5%
|
| 2022 | Serial | 5%
|
| 2023 | Serial | 5%
|
| 2024 | Serial | 5%
|
|
|
| Series 2010B
|
| Maturity | Type | Coupon
|
| 2016 | Term | 4%
|
| 2018 | Serial | 4%
|
| 2019 | Serial | 5%
|
| 2020 | Serial | 5%
|
| 2021 | Serial | 5%
|
| 2023 | Serial | 5%
|
| 2024 | Serial | 5%
|
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