By Sheri Kasprzak
New York, Dec. 1 - The Harris County Industrial Development Corp. of Texas sold $50 million of series 2011 marine terminal revenue bonds, according to a pricing sheet.
The bonds (A2/VMIG1) were sold through Bank of America Merrill Lynch.
The bonds are due Nov. 1, 2050 and bear interest initially at the weekly rate.
Proceeds will be used to fund a loan to HFOTCO LLC for the construction of a new ship dock on the Houston Ship Channel.
| Issuer: | Harris County Industrial Development Corp.
|
| Issue: | Series 2011 marine terminal revenue bonds
|
| Amount: | $50 million
|
| Maturity: | Nov. 1, 2050
|
| Coupon: | Weekly
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriter: | Bank of America Merrill Lynch
|
| Rating: | Moody's: A2/VMIG1
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 1
|
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