Thursday, 12 July 2007

Houston Toll-Road, Missouri College Bonds Lead Issues of Tax-Exempt Debt

(Bloomberg) -- Texas's Harris County and the
University of Missouri are borrowing almost $750 million in
today's largest new issues of U.S. tax-exempt bonds.

Harris County, home of Houston, plans to sell as much as
$375 million of bonds, including some paying a floating rate of
interest, to refinance toll-road debt. The Columbia, Missouri-
based university will offer another $364 million of bonds,
mostly to fund campus construction.


Read more at Bloomberg Bonds News

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