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Houston Metropolitan Transportation to sell $180 million revenue bonds
By Sheri Kasprzak
New York, May 26 - The Houston Metropolitan Transportation Authority is set to price $180 million in series 2009 sales tax revenue bonds on Thursday, according to a calendar of upcoming deals.
The bond (Aa3/AA/) will be sold on a negotiated basis with Merrill Lynch & Co. as the senior manager.
Proceeds will be used to fund improvements to the city's transportation system.
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