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Coppell council sets parameters for up to $10.5M refunding bonds, targets minimum 5% present‑value savings
Summary
Council voted to authorize parameters for issuing up to $10.5 million of general obligation refunding bonds and set conditions designed to secure at least 5% present‑value savings while capping the maximum pricing 'tick' at 2.75%.
The Coppell City Council on April 28 authorized parameters to allow issuance and sale of General Obligation Refunding Bonds Series 2026 to refinance callable 2013 and 2016 certificates of obligation. Jason Hughes of Hilltop Securities explained the mechanics of municipal refundings and presented the potential savings and pricing triggers.
Council debated the…
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