Frisco, Texas, preps $104.32 million G.O. refunding, improvement bonds

By Sheri Kasprzak

New York, July 13 – The City of Frisco, Texas, is set to price $104.32 million of series 2015A general obligation refunding and improvement bonds on Tuesday, according to a preliminary official statement.

The bonds (Aa1/AA+/) will be sold through senior managers Stifel, Nicolaus & Co. Inc. and Piper Jaffray & Co. The co-managers are RBC Capital Markets LLC and Baird & Co.

The bonds are due 2016 to 2035.

Proceeds will be used to construct and improve streets, roads, bridges and intersections; construct and improve fire department facilities and acquire firefighting equipment; construct and improve police facilities; improve, expand and equip the city’s municipal center; improve, expand and equip the city’s fleet center facility; construct and equip a senior center; construct, improve and equip municipal parks, hike and bike trails; and refund the city’s series 2005 combination tax and revenue certificates of obligation, 2005 G.O. refunding and improvement bonds, 2007 combination tax and revenue certificates of obligation and 2007 G.O. refunding and improvement bonds.

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