Harris County, Texas, prepares $220 million improvement bond offering

By Sheri Kasprzak

New York, July 21 – Harris County, Texas, is poised to price $220 million of series 2015A permanent improvement and refunding bonds, according to a preliminary official statement.

The bonds (/AAA/AAA) will be sold on a negotiated basis with Barclays as the senior manager. The co-managers are Morgan Stanley & Co. LLC, Loop Capital Markets LLC, J.P. Morgan Securities LLC, Jefferies & Co., Raymond James/Morgan Keegan and Wells Fargo Securities LLC.

The maturities have not been set.

Proceeds will be used to finance the costs of constructing new medical and health facilities in the county, including a new forensic facility for the county medical examiner, as well as to refund the county’s series A-1, B and D commercial paper notes.

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