Frisco, Texas set to price $90 million of certificates of obligation

By Cristal Cody

Tupelo, Miss., July 18 – The City of Frisco, Texas intends to sell $90 million of combination tax and limited surplus revenue certificates of obligation, according to a preliminary official statement.

The series 2014A bonds (Aa1/AA+/) will price via a competitive sale on July 24.

First Southwest Co. is the financial advisor.

The bonds have serial maturities from 2017 through 2038.

The bonds are callable on and after Feb. 15, 2025.

Proceeds will be used to construct, install, acquire and equip a special events and sports facility, construct and improve streets and roads, improve the waterworks and sewer system, construct and install municipal drainage improvements and acquire land for the various projects.

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