Austin, Texas, prepares to sell $144.68 million public improvement bonds, certificates Thursday

By Sheri Kasprzak

New York, Aug. 19 - The City of Austin in Texas plans to sell $144.678 million in public improvement bonds and certificates of obligation on Thursday, according to a notice of sale.

The offering includes $79.528 million in series 2010A public improvement bonds, $26.4 million in series 2010B taxable public improvement bonds, $22.3 million in series 2010 certificates of obligation and $16.45 million in series 2010 public property finance contractual obligations.

The bonds (Aaa/AAA/AAA) will be sold competitively with Public Financial Management Inc. as the financial adviser.

The 2010A bonds are due 2011 to 2030. The 2010B bonds are due 2011 to 2030. The 2010 certificates of obligation are due 2011 to 2030 and the series 2010 public property finance contractual obligations are due 2011 to 2017.

Proceeds will be used to finance a variety of capital improvement projects throughout the city.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.