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Houston to sell $225 million utility system Sifma index-linked bonds
By Sheri Kasprzak
New York, June 8 - The City of Houston is expected to come to market with $225 million of series 2012 combined utility system Sifma index floating-rate refunding revenue bonds, said a preliminary official statement.
The deal includes $125 million of series 2012A bonds and $100 million of series 2012B bonds.
The bonds (/AA/AA-) will be sold on a negotiated basis. Loop Capital Markets LLC is the underwriter for the 2012A bonds and Wells Fargo Securities LLC is the underwriter for the 2012B bonds.
The 2012A bonds are due May 15, 2034, and the 2012B bonds are due May 15, 2034.
Proceeds will be used to refund the city's series 2004B-1 combined utility system revenue bonds.
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