Travis County, Texas, arranges $84.83 million certificates, bonds deal

By Sheri Kasprzak

New York, April 15 - Travis County, Texas, is set to price $84,825,000 of series 2014 certificates of obligation and bonds on April 22, according to a preliminary official statement.

The offering includes $38.99 million of series 2014 certificates of obligation, $4.95 million of series 2014 state highway system bonds, $15,665,000 of series 2014 permanent improvement bonds and $25.22 million of series 2014 unlimited tax road bonds.

The bonds (Aaa/AAA/) will be sold on a competitive basis with D. Ladd Pattillo & Associates as the financial adviser.

The certificates and bonds are due 2015 to 2034.

Proceeds will be used to install, equip, improve and construct capital improvements throughout the county, as well as to finance improvements to county parks and recreational facilities.

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