Harris County, Texas, to sell $140 million toll road bonds

By Cristal Cody

Tupelo, Miss., Sept. 7 - Harris County, Texas, intends to sell $140 million in toll road revenue refunding bonds, according to a preliminary official statement.

The offering includes $40 million in series 2010B unlimited tax and subordinate-lien bonds, $20 million in series 2010C senior-lien bonds and $80 million in series 2010D senior-lien bonds.

The bonds will price through a negotiated sale. Rice Financial Products Co. and Estrada Hinojosa & Co., Inc. are the lead managers. Fidelity Capital Markets Inc. is the co-manager.

Proceeds will be used to refund and defease a portion of outstanding toll road tax bonds and toll road senior-lien revenue bonds.

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