Harris County, Texas, plans $64.69 million revenue refunding bonds for Texas Medical Center

By Aaron Hochman-Zimmerman

New York, March 16 - The Harris County Cultural Education Facilities Finance Corp. plans to issue $64.685 million of revenue refunding bonds for the Texas Medical Center, according to a notice of sale.

The bonds will be split into a $54.610 million series 2009A tax-exempt tranche and a $10.075 million series 2009B taxable tranche.

The series 2009A bonds will carry maturities from 2013 to 2023. The series 2009B bonds will carry maturities from 2009 to 2012.

RBC Capital Markets and J.P. Morgan Securities Inc. will act as joint leads for the negotiated deal.

Wachovia Bank NA, Raymond James & Associates Inc. and Edward Jones will also act as co-managers.

Proceeds from the issue will be used to refund existing debt.

The Harris County Cultural Education Facilities Finance Corp. is located in Houston.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.