Houston to convert $653.325 million in series 2004B revenue refunding bonds

By Sheri Kasprzak

New York, April 3 - Houston plans to convert $653.325 million in series 2004B combined utility system first-lien revenue refunding bonds.

The bonds will be converted to a weekly rate mode from an auction-rate mode, according to a conversion notice.

The bonds are due May 15, 2034, and all of the subseries of bonds will be converted at par. The series 2004B-1 bonds will be converted on April 8, the series 2004B-2 bonds will be converted on April 10 and the series 2004B-3 bonds will be converted on April 11. The series 2004B-4 bonds will be converted on April 11, and the series 2004B-5 bonds will be converted on April 14.

The remarketing agents are Banc of America Securities LLC, Goldman, Sachs & Co. and UBS Investment Bank.

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