Houston Community College, Texas, plans $400 million sale of G.O.s

By Sheri Kasprzak

New York, Feb. 22 - The Houston Community College System of Texas plans to price $400 million of series 2013 limited tax general obligation bonds, according to a preliminary official statement.

The bonds (Aa1/AA+/) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager. The co-managers are First Southwest Co., Hutchison Shockey Erley & Co. LLC, Jefferies & Co., Loop Capital Markets LLC, Ramirez & Co., Rice Financial Products Co., Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC.

The bonds are due 2016 to 2033 with term bonds due in 2038 and 2043.

Proceeds will be used to construct, acquire, equip and furnish the system's school properties and acquire property.

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