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Liberty County authorizes up to $110 million in certificates of obligation for new jail; bonds sold at about 4.63%
Summary
After a competitive sale, commissioners authorized issuing and selling up to $110 million in certificates of obligation to fund construction and acquisition of a new Liberty County jail; staff reported Wells Fargo placed the winning bid at an effective rate near 4.63%.
The Liberty County commissioners court authorized the issuance and sale of certificates of obligation not to exceed $110,000,000 to finance construction and land acquisition for a new county jail.
James Gilley of US Capital Advisors presented results of a competitive sale, reporting six bids and an effective purchase interest rate of about 4.63% from Wells Fargo. “As of the deadline…we've received total six bids. The best bid…went to…
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