Denton, Texas, arranges $90.26 million certificates of obligation deal

By Sheri Kasprzak

New York, April 17 - The City of Denton, Texas, is set to price $90,255,000 of series 2014 certificates of obligation on Wednesday, according to a preliminary official statement.

The bonds (/AA/AA+) will be sold competitively with First Southwest Co. as the financial adviser.

The bonds are due 2015 to 2044.

Proceeds will be used to acquire vehicles and equipment and to acquire, construct, install and equip additions, extensions, renovations and improvements to the city's solid waste disposal system, including the acquisition of land for a landfill; renovations to existing municipal buildings; acquisition of vehicle and equipment for the fire, police, building inspections, animal services, streets and traffic control, facilities management and park and recreation departments; constructing and improving streets; and making other capital improvements.

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