Published on 7/29/2015 in the Prospect News Municipals Daily.
New Issue: Harris County, Texas, sells $193.5 million permanent improvement bonds
By Sheri Kasprzak
New York, July 29 – Harris County, Texas, priced $193,505,000 of series 2015A permanent improvement and refunding bonds, according to a pricing sheet.
The bonds (/AAA/AAA) were sold through Barclays.
The bonds are due 2016 to 2038 with a term bond due in 2040. The serial coupons range from 3% to 5%. The 2040 bonds have a 5% coupon priced at 114.425.
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.
| Issuer: | Harris County, Texas
|
| Issue: | Series 2015A permanent improvement and refunding bonds
|
| Amount: | $193,505,000
|
| Type: | Negotiated
|
| Underwriter: | Barclays
|
| Ratings: | Standard & Poor’s: AAA
|
| Fitch: AAA
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 1
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2 million | 2016 | Serial | 3% | 102.905
|
| $7,295,000 | 2017 | Serial | 4% | 106.877
|
| $12,165,000 | 2018 | Serial | 5% | 112.178
|
| $12.66 million | 2019 | Serial | 5% | 114.913
|
| $13.29 million | 2020 | Serial | 5% | 117.121
|
| $13.95 million | 2022 | Serial | 5% | 119.44
|
| $5.51 million | 2023 | Serial | 5% | 120.624
|
| $5.79 million | 2025 | Serial | 5% | 122.322
|
| $6.08 million | 2026 | Serial | 5% | 120.929
|
| $6,385,000 | 2027 | Serial | 5% | 120.141
|
| $6.7 million | 2028 | Serial | 5% | 119.359
|
| $7.04 million | 2029 | Serial | 5% | 118.68
|
| $7,395,000 | 2030 | Serial | 4.5% | 112.352
|
| $7,765,000 | 2031 | Serial | 4.625% | 113.06
|
| $8.15 million | 2032 | Serial | 5% | 117.146
|
| $8.56 million | 2033 | Serial | 5% | 116.766
|
| $8,985,000 | 2034 | Serial | 5% | 116.388
|
| $9,435,000 | 2035 | Serial | 5% | 116.011
|
| $8,025,000 | 2036 | Serial | 5% | 115.635
|
| $8,425,000 | 2037 | Serial | 5% | 115.261
|
| $5 million | 2038 | Serial | 5% | 114.981
|
| $22.9 million | 2040 | Term | 5% | 114.425
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
