By Sheri Kasprzak
New York, July 22 - The city of Wylie, Texas, priced $53.625 million in general obligation bonds and certificates of obligation Tuesday, said Melissa Beard of the city's finance department.
The bonds priced with a 4.89% true interest cost with UBS Securities winning the competitive bid.
Beard said the full pricing terms would not be available until Wednesday.
The G.O. bonds are due from 2009 to 2028 and the certificates are due 2009 to 2028.
Proceeds will be used for public improvements, the construction and equipment of a park and recreational center, as well as improvements to library facilities.
| Issuer: | Wylie, Texas
|
| Issue: | General obligation bonds and certificates of obligation
|
| Amount: | $53.625 million
|
| Type: | Competitive
|
| Maturities: | 2009 to 2028 (for G.O. bonds); 2009 to 2028 (for certificates)
|
| TIC: | 4.89%
|
| Underwriter: | UBS Securities
|
| Pricing date: | July 22
|
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