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Harris County, Texas, to sell $77.16 million toll road revenue refunding bonds
By Sheri Kasprzak
New York, June 19 - Harris County, Texas plans to price $77.16 million in series 2008A toll road unlimited tax and subordinate-lien revenue refunding bonds, according to a preliminary official statement released Thursday.
The bonds will be sold on a negotiated basis with Piper Jaffray & Co. as the lead manager. The co-managers are Citigroup Global Markets; Depfa First Albany Securities; Loop Capital Markets; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; and Siebert Brandford Shank & Co.
The bonds will be due in both serial and term structures.
Proceeds will be used to refund a portion of the county's outstanding series 2003 toll road unlimited tax and subordinate-lien revenue bonds and purchase one or more bond insurance policies.
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