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Houston to price $450 million of airport revenue refunding bonds
By Sheri Kasprzak
New York, June 27 - The City of Houston is expected to sell $450 million of series 2011 airport system revenue refinancing bonds during the week of June 27, said a sales calendar.
The bonds (A/A+) will be sold on a negotiated basis with Goldman, Sachs & Co. as the senior manager. The co-managers are Morgan Stanley & Co. Inc., Wells Fargo Securities LLC, Rice Financial Products Co., Cabrera Capital Markets Inc. and Raymond James & Associates Inc.
The bonds will be sold in two tranches, but the exact breakdown was unavailable Monday.
Proceeds will be used to refund the city airport system's series 1997, 1998A-C, 2000A and 2002A-B bonds.
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