Tarrant County, Texas, eyes $66.47 million sale of improvement bonds

By Sheri Kasprzak

New York, Aug. 10 – Tarrant County, Texas, is expected to price $66,465,000 of series 2015 limited tax refunding and improvement bonds during the week of Aug. 10, according to a preliminary official statement.

The bonds (Aaa/AAA) will be sold on a negotiated basis with J.P. Morgan Securities LLC and Citigroup Global Markets Inc. as the senior managers. The co-managers are Stephens Inc. and Siebert Brandford Shank & Co. LLC.

The bonds are due 2016 and 2018 to 2025.

Proceeds will be used to purchase, construct, renovate, rehabilitate, improve and maintain streets, roads, highways and bridges in the county; construct a juvenile justice complex; and refund the county’s series 2007 limited tax bonds.

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