Loop Capital Leads BABs Issuance for the City of Houston
On August 20, 2009, Loop Capital Markets priced $507.680 million City of Houston, Texas Public Improvement Bonds that included $430,850 million tax-exempt and $76.830 million of BABs.
This tax-exempt portion refunded certain general obligation bonds, certificates of obligation and commercial paper notes. The BABs were used to refund and defease commercial paper notes that were issued after the passage of ARRA. Loop Capital Markets is proud to have worked with the City on one its first BABs issuance.
