Herald Democrat
In an effort to continue to take advantage of near historic-low interest rates this week, Denison issued $11.8 million in debt. The new debt represent the second set of bonds that the city has issued this year that have had interest rates around or below 2 percent.
"These bonds were sold through a competitive sale and what that means is essentially these bonds were put out into the public market and underwriters were invited for the right to bid," said Marti Shew, representing Hilltop Securities.
These new bonds will be used for 2021 capital projects including several water system improvements. These projects include work on Theresa Lane, FM 691 and Loy Lake Road, along with other extensions.