Harris County Cultural, Texas, to price $52.39 million of YMCA bonds

By Sheri Kasprzak

New York, Jan. 29 - The Harris County Cultural Education Facilities Finance Corp. of Texas plans to sell $52,385,000 of series 2013A revenue refunding bonds for the YMCA of Greater Houston, according to a preliminary official statement.

The bonds (Baa3) will be sold on a negotiated basis with J.P. Morgan Securities LLC and Bank of America Merrill Lynch.

The bonds are due 2016 to 2022 with term bonds due in 2028, 2033 and 2038.

Proceeds will be loaned to the YMCA of Greater Houston to refund its series 2008A-E revenue bonds.

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