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Houston plans to price $490.81 million in refunding bonds on Tuesday
By Sheri Kasprzak
New York, Aug. 13 - The city of Houston is set to sell $490.81 million in series 2009 public improvement refunding bonds on Tuesday, according to a calendar of upcoming deals.
The bonds (Aa3/AA/) will be sold through lead manager Loop Capital Markets LLC. The co-managers are Morgan Stanley & Co. Inc., RBC Capital Markets Corp., Southwest Securities Inc., Barclays Capital Inc., Fidelity Capital Markets, Jefferies & Co., Samuel A. Ramirez & Co., Siebert Brandford Shank & Co. LLC and Goldman, Sachs & Co.
Proceeds will be used to refund the city's commercial paper notes and existing public improvement bonds.
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