Houston's $1.4 Billion Variable-Rate Sale Closes $3.1 Billion Water-Sewer Deal

Alabanese, Elizabeth
June 2004
Bond Buyer;6/11/2004, Vol. 348 Issue 31903, p40
Trade Publication
Reports that Houston closed its multi-billion water and sewer debt restructuring when it sold about $1.4 billion of variable-rate bonds, including tax-exempt and taxable debt and a swap in Texas. Sale of $1.7 billion of fixed-rate bonds; Use of the taxable bonds to restructure debt that is not advance-refundable; Conversion of bond to tax-exempt.


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