Harris County, Texas, preps $250 million sale of refunding bonds

By Sheri Kasprzak

New York, Nov. 8 - Harris County, Texas, is set to price $250 million of series 2012 refunding bonds, according to a preliminary official statement.

The deal includes $75 million of series 2012A unlimited tax road refunding bonds, $45 million of series 2012B taxable unlimited tax road refunding bonds, $85 million of series 2012A permanent improvement refunding bonds and $45 million of series 2012B taxable permanent improvement refunding bonds.

The bonds (/AAA/AAA) will be sold on a negotiated basis with Jefferies & Co. Inc. and Piper Jaffray & Co. as the senior managers. The co-managers are Estrada Hinojosa & Co. Inc., Loop Capital Markets LLC, Siebert Brandford Shank & Co. LLC, Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Rice Financial Products Co. and Stifel, Nicolaus & Co. Inc.

The maturities have not been set.

Proceeds will be used to refund existing debt.

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