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Harris County, Texas, preps $199.92 million sale of toll road bonds
By Sheri Kasprzak
New York, July 14 - Harris County, Texas, is set to price $199.915 million of series 2011A toll road senior-lien revenue and refunding bonds, according to a preliminary official statement.
The bonds (AA-/A-1+/AA-/F1+) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the underwriter.
The bonds are due Aug. 15, 2021 and have an initial mandatory tender date of Aug. 15, 2012.
Proceeds will be used to refund and defease the county's series 2010A senior lien toll road revenue refunding bonds, as well as make a deposit to the county's debt service reserve fund.
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