Travis County, Texas, schedules $65 million bond offering for April 23

By Sheri Kasprzak

New York, April 16 - Travis County, Texas, is expected to come to market April 23 with $65 million of series 2013 bonds and certificates of obligation, according to a preliminary official statement.

The sale includes $21,025,000 of series 2013 limited tax certificates of obligation, $10,755,000 of series 2013 limited tax permanent improvement bonds and $33.22 million of series 2013 unlimited tax road bonds.

The bonds (Aaa/AAA/) will be sold competitively with D. Ladd Pattillo & Associates Inc. as the financial adviser.

The certificates are due 2014 to 2018. The permanent improvement bonds are due 2014 to 2033. The road bonds are due 2014 to 2033.

Proceeds will be used to construct and equip county law enforcement facilities, purchase computer and telecommunications equipment, construct and improve county roads and improve county parks.

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