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Waller County sells $10 million tax notes at 2.87%; RW Baird low bidder
Summary
The court authorized sale of $10 million in tax notes to RW Baird at a 2.87% interest rate for a seven-year note. County financial adviser cited an AA credit rating and said proceeds will fund courthouse finish-out, land purchases and other capital needs.
Waller County Commissioners on Aug. 20 authorized the sale of $10,000,000 in tax notes, selecting RW Baird as the winning bidder with a true interest cost of 2.87% on a seven-year note.
Ben Rosenberg of U.S. Capital Advisors, the county's financial adviser, told the court the county received multiple competitive bids and earned a double-A credit rating.…
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