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Harris County, Texas, prepares $230 million road refunding bond deal
By Sheri Kasprzak
New York, Aug. 5 – Harris County, Texas, is expected to price $230 million of series 2014A unlimited tax road refunding bonds, according to a preliminary official statement.
The bonds (Aaa//AAA) will be sold on a negotiated basis with Goldman, Sachs & Co. and Siebert Brandford Shank & Co. LLC as the senior managers. The co-managers are Baird & Co., BofA Merrill Lynch, Barclays, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan and Ramirez & Co. Inc.
The maturities have not been set.
Proceeds will be used to refund all or a portion of the county’s series C G.O. commercial paper notes.
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