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Denison approves $51.9 million certificates of obligation after favorable bond sale and AA ratings
Summary
Council adopted an ordinance authorizing issuance of $51.9 million in combination tax and limited surplus revenue certificates of obligation (Series 2025A). City financial advisers reported 11 bidders, a low true-interest cost of 3.79% and affirmed ratings from S&P Global (AA-) and Fitch (AA).
The Denison City Council on March 3 approved an ordinance authorizing the issuance of $51,900,000 in combination tax and limited surplus revenue certificates of obligation, Series 2025A, to fund water and sewer projects, streetscape work, fire station design and repairs to Waterloo Pool.
Marty Hsu of Hilltop Securities, the city's municipal…
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