Harris County Cultural Education Facilities Finance, Texas, to sell $51.56 million revenue bonds

By Sheri Kasprzak

New York, Oct. 4 - The Harris County Cultural Education Facilities Finance Corp. of Texas is set to price $51.555 million in series 2010 thermal utility revenue bonds, according to a preliminary official statement.

The bonds (Aa3/AA/) will be sold on a negotiated basis with RBC Capital Markets Corp. as the lead manager. The co-managers are Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC.

The bonds are due 2012 to 2030 with term bonds due 2035 and 2040.

Proceeds will be used to expand and construct TECO projects to accommodate increased demand from customers.

The Houston-based corporation provides funding for health care facilities and other projects.

© 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.