Frisco, Texas, offers $123 million G.O. refunding, improvement bonds

By Sheri Kasprzak

New York, July 18 - The City of Frisco, Texas, plans to price $122.965 million of series 2011 general obligation refunding and improvement bonds on Tuesday, according to a preliminary official statement.

The bonds (Aa1/AA/) will be sold through Morgan Keegan & Co. Inc. The co-managers are Robert W. Baird & Co. Inc., Citigroup Global Markets Inc. and Stifel, Nicolaus & Co. Inc.

The bonds are due 2012 to 2031.

Proceeds will be used to construct, equip and acquire fire department facilities, including the purchase of firefighting apparatus and equipment, as well as refund the city's series 2001 and 2003 G.O. bonds and its series 2001, 2001A and 2003A certificates of obligation.

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