Featured Municipal Bond in the Market, Week of 06/06/2016: Harris County
This week’s featured bond comes from the Harris County Texas Toll Road Authority, which scheduled to issue $500 million in general revenue bonds, secured by revenues from the toll road and interest accrued, the week of June 6, 2016. The purpose of the bonds is to refund and defease previously issued toll road bonds. Further details can be found in the preliminary official statement, provided by MuniOS. Harris County consists primarily of the city of Houston. The Houston metropolitan area has an unemployment rate of 4.8% as of April 2016; which is lower than the national average of 5.0%, but higher than the unemployment rate of Texas as a whole, of 4.2% .
Provided at left is a quick snapshot of financial characteristics of the Harris County Toll Road Authority, compared with the sector medians for toll authorities, courtesy of Merritt Research Services, LLC. (Merritt believes the data to be reliable but does not make any representations as to its accuracy or completeness). In addition to the Merritt information related to the featured bond, more information can be found on our municipal bond calendar, city, state, and county pages, and our employment database. These facts and numbers are for informational purposes, and should not be considered an official disclosure for potential investors. Investors should consult the official statement.