By Sheri Kasprzak
New York, Oct. 3 - The Harris County Industrial Development Corp. of Texas sold $100 million of series 2012 marine terminal revenue bonds for HFOTCO LLC, according to a pricing sheet.
The bonds (A3/VMIG 2//A/F1) were sold through Bank of America Merrill Lynch.
The bonds are due Nov. 1, 2050 and bear interest at the weekly rate.
Proceeds will be used to make improvements to HFOTCO's real property following damages from Hurricane Ike in 2008.
| Issuer: | Harris County Industrial Development Corp./HFOTCO LLC
|
| Issue: | Series 2012 marine terminal revenue bonds
|
| Amount: | $100 million
|
| Maturity: | Nov. 1, 2050
|
| Coupon: | Weekly
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriters | Bank of America Merrill Lynch (lead)
|
| Ratings: | Moody's: A3/VMIG 2
|
| Fitch: A/F1
|
| Pricing date: | Oct. 3
|
| Settlement date: | Oct. 4
|
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