Houston preps $150 million of utility system refunding bonds

By Sheri Kasprzak

New York, June 8 – The City of Houston is set to price $150 million of series 2015D-E combined utility system revenue refunding bonds, according to a preliminary official statement.

The deal includes a tax-exempt and a taxable tranche, but the breakdown was not immediately available Monday.

The bonds (/AA/AA) will be sold through Citigroup Global Markets Inc. The co-managers are Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Coastal Securities Inc., IFS Securities Inc. and RBC Capital Markets LLC.

The maturities have not been set.

Proceeds will be used to refund the city’s series 2005, 2006, 2006A, 2007A-B, 2008B and 2009A revenue bonds.

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