Collin County, Texas, preps $56.26 million road, refunding bond deal

By Sheri Kasprzak

New York, May 28 - Collin County, Texas, plans to price $56,264,982 of series 2013 unlimited tax road and refunding bonds, according to a preliminary official statement.

The deal includes $40.07 million of series 2013A road and refunding bonds and $16,194,982 of series 2013B taxable refunding bonds.

The bonds (Aaa/AAA/) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Estrada Hinojosa & Co. Inc. as the senior managers.

The 2013A bonds are due 2014 to 2033. The 2013B bonds are due 2016 to 2025 with $69,982 of premium capital appreciation bonds due in 2014 and 2015.

Proceeds will be used to construct, maintain and operate macadamized, graveled or paved roads and turnpikes in the county, as well as to refund existing debt.

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