City of Waco to Sell $125M of Tax and Revenue Certificates

Dow Jones

18 Apr

By Stephen Nakrosis

The City of Waco in Texas is issuing $125 million of tax and revenue certificates to finance a series of capital projects.

Proceeds from the Combination Tax and Revenue Certificates of Obligation Series 2025 offering will also be used to pay for issuance costs, according to documents posted on MuniOS.

Interest on the certificates will accrue from the delivery date, and are payable on Feb. 1 and Aug. 1 beginning next year. The final maturity date for the certificates is in 2055.

Money from the sale will be used for the construction, expansion, renovation and repair of city's police facilities. Proceeds will also be used to purchase fire fighting and other municipal equipment, make improvements to the water and sewer systems, and various transportation projects.

The certificates are a direct obligation of the city, and are payable from the collection of a direct and continuing ad valorem tax levied on property in the city, as well as surplus revenue from the water and sewerage system.

Waco, located in McLennan County, is the home of Baylor University, and has an estimated population of about 146,00 people, according to the offering document.

The securities have been rated Aa1 by Moody's and AA+ by S&P.

RBC Capital Markets is lead manager on the transaction.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

April 17, 2025 19:38 ET (23:38 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2528770323"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2528770323\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2528770323?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-18 07:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2528770323","market":"hk","top_or_hot":-1,"title":"City of Waco to Sell $125M of Tax and Revenue Certificates","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Stephen Nakrosis \n</p>\n<pre>\n \n</pre>\n<p>\n  The City of Waco in Texas is issuing $125 million of tax and revenue certificates to finance a series of capital projects. \n</p>\n<p>\n  Proceeds from the Combination Tax and Revenue Certificates of Obligation Series 2025 offering will also be used to pay for issuance costs, according to documents posted on MuniOS. \n</p>\n<p>\n  Interest on the certificates will accrue from the delivery date, and are payable on Feb. 1 and Aug. 1 beginning next year. The final maturity date for the certificates is in 2055. \n</p>\n<p>\n  Money from the sale will be used for the construction, expansion, renovation and repair of city's police facilities. Proceeds will also be used to purchase fire fighting and other municipal equipment, make improvements to the water and sewer systems, and various transportation projects. \n</p>\n<p>\n  The certificates are a direct obligation of the city, and are payable from the collection of a direct and continuing ad valorem tax levied on property in the city, as well as surplus revenue from the water and sewerage system. \n</p>\n<p>\n  Waco, located in McLennan County, is the home of Baylor University, and has an estimated population of about 146,00 people, according to the offering document. \n</p>\n<p>\n  The securities have been rated Aa1 by Moody's and AA+ by S&amp;P. \n</p>\n<p>\n  RBC Capital Markets is lead manager on the transaction. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 17, 2025 19:38 ET (23:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>City of Waco to Sell $125M of Tax and Revenue Certificates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCity of Waco to Sell $125M of Tax and Revenue Certificates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-18 07:38</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Stephen Nakrosis \n</p>\n<pre>\n \n</pre>\n<p>\n  The City of Waco in Texas is issuing $125 million of tax and revenue certificates to finance a series of capital projects. \n</p>\n<p>\n  Proceeds from the Combination Tax and Revenue Certificates of Obligation Series 2025 offering will also be used to pay for issuance costs, according to documents posted on MuniOS. \n</p>\n<p>\n  Interest on the certificates will accrue from the delivery date, and are payable on Feb. 1 and Aug. 1 beginning next year. The final maturity date for the certificates is in 2055. \n</p>\n<p>\n  Money from the sale will be used for the construction, expansion, renovation and repair of city's police facilities. Proceeds will also be used to purchase fire fighting and other municipal equipment, make improvements to the water and sewer systems, and various transportation projects. \n</p>\n<p>\n  The certificates are a direct obligation of the city, and are payable from the collection of a direct and continuing ad valorem tax levied on property in the city, as well as surplus revenue from the water and sewerage system. \n</p>\n<p>\n  Waco, located in McLennan County, is the home of Baylor University, and has an estimated population of about 146,00 people, according to the offering document. \n</p>\n<p>\n  The securities have been rated Aa1 by Moody's and AA+ by S&amp;P. \n</p>\n<p>\n  RBC Capital Markets is lead manager on the transaction. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 17, 2025 19:38 ET (23:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CHCO","symbol_name":"City Holding Company","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2528770323","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2528770323","pubTimestamp":1744933080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"The City of Waco in Texas is issuing $125 million of tax and revenue certificates to finance a series of capital projects.Proceeds from the Combination Tax and Revenue Certificates of Obligation Series 2025 offering will also be used to pay for issuance costs, according to documents posted on MuniOS.Interest on the certificates will accrue from the delivery date, and are payable on Feb. 1 and Aug. 1 beginning next year. The final maturity date for the certificates is in 2055.Money from the sale will be used for the construction, expansion, renovation and repair of city's police facilities. Proceeds will also be used to purchase fire fighting and other municipal equipment, make improvements to the water and sewer systems, and various transportation projects.The certificates are a direct obligation of the city, and are payable from the collection of a direct and continuing ad valorem tax levied on property in the city, as well as surplus revenue from the water and sewerage system.Waco, l","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CHCO":"City Holding Company"},"translate_title":"韦科市将出售价值1.25亿美元的税收和收入证书","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CHCO":1},"content_text":"By Stephen Nakrosis \n\n\n \n\n\n  The City of Waco in Texas is issuing $125 million of tax and revenue certificates to finance a series of capital projects. \n\n\n  Proceeds from the Combination Tax and Revenue Certificates of Obligation Series 2025 offering will also be used to pay for issuance costs, according to documents posted on MuniOS. \n\n\n  Interest on the certificates will accrue from the delivery date, and are payable on Feb. 1 and Aug. 1 beginning next year. The final maturity date for the certificates is in 2055. \n\n\n  Money from the sale will be used for the construction, expansion, renovation and repair of city's police facilities. Proceeds will also be used to purchase fire fighting and other municipal equipment, make improvements to the water and sewer systems, and various transportation projects. \n\n\n  The certificates are a direct obligation of the city, and are payable from the collection of a direct and continuing ad valorem tax levied on property in the city, as well as surplus revenue from the water and sewerage system. \n\n\n  Waco, located in McLennan County, is the home of Baylor University, and has an estimated population of about 146,00 people, according to the offering document. \n\n\n  The securities have been rated Aa1 by Moody's and AA+ by S&P. \n\n\n  RBC Capital Markets is lead manager on the transaction. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n  (END) Dow Jones Newswires\n\n\n  April 17, 2025 19:38 ET (23:38 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}