top of page
City of Waco, Texas



Comb. Tax & Rev C/O Series 2024AB & GO ref 2024

June 4, 2024


Image by Sam Mgrdichian

This transaction was the largest transaction for the City and first negotiated bond issuance since 2015 with over $1.8 billion in total institutional orders (6.2x subscription).

Spreads tightened by up to 12 bps compared to the spreads offered during the preliminary pricing period.

As a result of market and repricing conditions, the GO Refunding Bonds outperformed expectations and generated $200k more in Net PV savings than anticipated for a total savings of $904,663.

bottom of page