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Houston, Texas, to price $423 million in bonds, certificates Oct. 29
By Cristal Cody
Tupelo, Miss., Oct. 15 - Houston, Texas, expects to price $423 million in bonds and certificates (Aa3/AA/) on Oct. 29, a source said Wednesday.
The sale includes $393 million in series 2008A public improvement refunding bonds and $30 million in the series 2008B tax and revenue certificates of obligation.
Goldman, Sachs & Co. is the senior manager of the negotiated sale.
Co-managers are Loop Capital Markets, Morgan Stanley & Co. Inc., Rice Financial Products, Fidelity Investments, Piper Jaffray, Siebert Brandford Shank & Co., Southwest Securities and Wachovia Securities.
The proceeds will be used to refund and defease outstanding general obligation commercial paper notes and to fund the acquisition of real estate for a public facility and other public works projects.
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