Harris County Flood Control, Texas, plans $195 million refunding bonds

By Sheri Kasprzak

New York, April 28 - The Harris County Flood Control District of Texas is set to price $195 million of series 2014 refunding bonds, said a preliminary official statement.

The offering includes $50 million of series 2014 district improvement refunding bonds, $70 million of series 2014A district contract tax refunding bonds and $75 million of series 2014B taxable district contract tax refunding bonds.

The bonds (Aaa//AAA) will be sold on a negotiated basis with Jefferies & Co. Inc. and Loop Capital Markets LLC as the senior managers. The co-managers are Baird & Co., BofA Merrill Lynch, Mesirow Financial Inc., Piper Jaffray & Co. and Siebert Brandford Shank & Co. LLC.

The maturities have not been set.

Proceeds will be used to refund existing debt.

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