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Houston to sell $280.64 million of combined utility system bonds
By Sheri Kasprzak
New York, Feb. 14 - The City of Houston plans to price $280.64 million of series 2011A combined utility system revenue refunding bonds, said a preliminary official statement.
Rice Financial Products Co. is the senior manager for the offering with Morgan Stanley & Co. Inc., Piper Jaffray & Co., Fidelity Capital Markets LLC, Ramirez & Co. Inc. and Wells Fargo Securities LLC as the co-managers.
The maturities for the bonds (AA/AA-) have not been set.
Proceeds will be used to refund the city's series 2004C-1, 2004C-2A and 2004C-2B bonds.
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