Frisco, Texas, to sell $87.02 million G.O. refunding & improvement bond

By Sheri Kasprzak

New York, April 11 - The City of Frisco, Texas, is set to sell $87.02 million of series 2013 general obligation refunding and improvement bonds, according to a preliminary official statement.

The bonds (Aa1/AA/) will be sold on a negotiated basis with Raymond James/Morgan Keegan as the senior manager. The co-managers are Baird & Co. and Citigroup Global Markets Inc.

The bonds are due 2014 to 2033.

Proceeds will be used to acquire firefighting apparatus and equipment, as well as to refund the city's series 2005 G.O. refunding and improvement bonds, series 2005 combination tax and revenue certificates of obligation, series 2005A combination tax and revenue certificates of obligation, series 2006 G.O. bonds and its series 2006 combination tax and revenue certificates of obligation.

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