Harris County, Texas, to sell $140 million revenue refunding bonds

By Sheri Kasprzak

New York, Oct. 13 - Harris County, Texas, is set to price $140 million in series 2010 toll road revenue refunding bonds, according to a preliminary official statement.

The sale includes $40 million in series 2010B unlimited tax subordinate-lien toll road revenue and refunding bonds, $20 million in taxable senior-lien toll road revenue refunding bonds and $80 million in series 2010D senior-lien toll road revenue refunding bonds.

The bonds (/AA-/AA-) will be sold through joint bookrunners Rice Financial Products Co. and Estrada Hinojosa & Co. Inc. The co-manager is Fidelity Capital Markets.

The maturities have not been set.

Proceeds will be used to refund the county's outstanding unlimited tax, subordinate-lien and senior-lien revenue bonds.

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