By Sheri Kasprzak
New York, July 26 - Harris County, Texas, priced $199.915 million of series 2011A toll road senior-lien revenue and refunding bonds, according to a pricing sheet.
The bonds (AA-/A-1+/AA-/F1+) were sold through Citigroup Global Markets Inc.
The bonds are due Aug. 15, 2021 and have a 2% coupon priced at par. The bonds have a mandatory tender of Aug. 15, 2012.
Proceeds will be used to refund and defease the county's series 2010A senior-lien toll road revenue refunding bonds and make a debt service reserve fund deposit.
| Issuer: | Harris County, Texas
|
| Issue: | Series 2011A toll road senior-lien revenue and refunding bonds
|
| Amount: | $199.915 million
|
| Maturity: | Aug. 15, 2021
|
| Coupon: | 2%
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Ratings: | Standard & Poor's: AA-/A-1+
|
| Fitch: AA-/F1+
|
| Pricing date: | July 21
|
| Settlement date: | Aug. 11
|
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