Harris County Flood Control, Texas, to price $160 million bonds

By Sheri Kasprzak

New York, Oct. 24 - The Harris County Flood Control District in Texas plans to sell $160 million in series 2008C contract tax refunding bonds, according to a preliminary official statement.

The bonds (Aa1/AAA/) will be sold on a negotiated basis with Citigroup Global Markets and Siebert Brandford Shank & Co. as the senior managers. The co-managers are Merrill Lynch, Morgan Stanley & Co. Inc., Morgan Keegan, Oppenheimer & Co., Piper Jaffray, RBC Capital Markets and Stifel Nicolaus.

The bonds are due 2009 to 2024 with term bonds. The maturities of the term bonds have not been determined.

Proceeds will be used to refund all of the district's outstanding series 2008B contract tax refunding bonds.

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