Harris County, Texas, plans $200 million bonds for Texas Children's

By Aaron Hochman-Zimmerman

New York, May 22 - The Harris County Cultural Education Facilities Finance Corp., Texas, announced plans to issue a $200 million series 2009 hospital revenue bond on behalf of the Texas Children's Hospital Project (Aa2/AA/AA), according to a preliminary notice of sale.

J.P. Morgan Securities Inc., RBC Capital Markets Corp. and Merrill Lynch & Co. will act as underwriters for the negotiated issue.

Proceeds will be used to purchase and maintain hospital facilities and equipment.

Harris County Cultural Education Facilities Finance is located in Houston.

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