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Hidalgo County Drainage District, Texas, plans $84 million of bonds
By Sheri Kasprzak
New York, Feb. 8 - The Hidalgo County Drainage District No. 1 of Texas is scheduled to sell $84 million of series 2013 unlimited tax improvement bonds on Tuesday, according to a preliminary official statement.
The bonds (Aa2/AA-/) will be sold competitively with First Southwest Co. as the financial adviser.
The bonds are due 2014 to 2033.
Proceeds will be used to construct drainage improvements and acquire rights of way.
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