Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Weslaco approves $30 million certificates of obligation after favorable market bid
Summary
The Weslaco City Commission approved Ordinance 2025-16 to issue $30 million in certificates of obligation after Hilltop Securities reported a competitive sale that yielded a project fund deposit above par and a recommended yield near 4.58%. The commission voted to accept the bid by voice vote.
The Weslaco City Commission on July 31 approved Ordinance 2025-16, authorizing the issuance of $30,000,000 in certificates of obligation to fund drainage, infrastructure, parks, streets and wastewater projects.
Anne Berger Entrekin of Hilltop Securities, the city’s financial advisor for the transaction, told the commission the morning bond sale produced strong institutional order flow and recommended acceptance of a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
