By Sheri Kasprzak
New York, Nov. 10 - The Harris County Flood Control District in Texas priced $158.1 million in series 2008C contract tax refunding bonds, said Charisse Page Mosley, deputy director of finance for the district.
The bonds (Aa1/AAA/) were sold on a negotiated basis through senior managers Citigroup Global Markets and Siebert Brandford Shank & Co.
The bonds are due 2009 to 2024 with coupons from 3% to 5.125% and yields from 1.65% to 5.19%.
Proceeds will be used to refund the district's series 2008B contract tax refunding bonds.
| Issuer: | Harris County Flood Control District (Texas)
|
| Issue: | Series 2008C contract tax refunding bonds
|
| Amount: | $158.1 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets and Siebert Brandford Shank & Co.
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AAA
|
| Pricing date: | Nov. 6
|
|
|
| Maturity | Type | Coupon | Yield
|
| 2009 | Serial | 3% | 1.65%
|
| 2010 | Serial | 3% | 2.65%
|
| 2011 | Serial | 3% | 3.00%
|
| 2012 | Serial | 3.25% | 3.28%
|
| 2013 | Serial | 3.5% | 3.52%
|
| 2014 | Serial | 4% | 3.72%
|
| 2015 | Serial | 4% | 3.90%
|
| 2016 | Serial | 4% | 4.08%
|
| 2017 | Serial | 5% | 4.28%
|
| 2018 | Serial | 5% | 4.50%
|
| 2019 | Serial | 4.5% | 4.71%
|
| 2020 | Serial | 4.75% | 4.92%
|
| 2020 | Serial | 5% | 4.92%
|
| 2021 | Serial | 5% | 5.01%
|
| 2022 | Serial | 5% | 5.07%
|
| 2023 | Serial | 5% | 5.13%
|
| 2024 | Serial | 5.125% | 5.19%
|
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