Harris County Metro Transit of Texas, plans $133.27 million bond deal

By Sheri Kasprzak

New York, March 28 - The Metropolitan Transit Authority of Harris County, Texas, is expected to come to market with $133,265,000 of series 2014 sales and use tax contractual obligations, according to a preliminary official statement.

The bonds (Aa2/AA+/) will be sold on a negotiated basis with Wells Fargo Securities LLC as the senior manager. The co-managers are Cabrera Capital Markets LLC, Mischler Financial Group, Siebert Brandford Shank & Co. LLC and Citigroup Global Markets Inc.

The bonds are due 2015 to 2029.

Proceeds will be used to acquire and reimburse the authority for the acquisition of personal property, including clean diesel transit and commuter buses and light rail vehicles.

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