Hidalgo County Regional Mobility, Texas, to sell $60.96 million bonds

By Sheri Kasprzak

New York, Nov. 6 - The Hidalgo County Regional Mobility Authority of Texas plans to price $60,955,000 of series 2013 senior lien vehicle registration fee revenue and refunding bonds, according to a preliminary official statement.

The bonds (/AA-/) will be sold on a negotiated basis with Raymond James/Morgan Keegan and Estrada Hinojosa & Co. Inc. as the senior managers. The co-managers are Frost Bank and Stephens Inc.

The bonds are due 2014 to 2033 with term bonds due in 2038 and 2043.

Proceeds will be used to finance transportation projects.

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