Low Interest Rates Obtained for Annual Bond Sale   

The City of Richardson held an order period for its 2025 General Obligation Bonds and 2025 Certificates of Obligation on Monday, April 28, with priority granted to individual investors and Richardson residents. In total, the City issued $91.6M in general obligation bonds and certificates of obligation.  Proceeds from the sales will fund municipal buildings, street improvements, equipment, utility improvements and parks projects.  

The general obligation bonds had a true interest cost (TIC) effective rate of 4.14 percent, while the certificates of obligation had a TIC rate of 4.20 percent (series 2025A) and 5.47 percent (taxable series 2025B). The low interest rates are attributable to the City’s “Triple A” status from both Standard & Poor’s and Moody’s, a status the City has held for the past 16 years.