Houston intends to sell $498 million refunding bonds Tuesday

By Sheri Kasprzak

New York, Nov. 12 - The City of Houston is set to sell $498 million of series 2010 public improvement refunding bonds on Tuesday, according to a preliminary official statement and calendar.

The deal includes series 2010A refunding bonds, series 2010B Build America Bonds and series 2010C taxable bonds, but the exact breakdown was unavailable Friday.

The bonds (/AA/AA) will be sold through Jefferies & Co. with Barclays Capital Inc., Siebert Brandford Shank & Co. LLC, Citigroup Global Markets Inc., Cabrera Capital Markets LLC and Hutchison, Shockey, Erley & Co. as the co-managers.

The maturities were not immediately available.

Proceeds will be used to refund the city's series 2010A-C commercial paper notes.

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