Bonds

Bond Offering

State of Texas General Obligation Bonds*

State of Texas General Obligation Bonds*

Water Financial Assistance Bonds Series 2025E (State Water Plan)*
Par Amount
$444,735,000
Tax Status
Tax-Exempt
Sale Date
09/25/2025
Sector
Water / Sewer
State
Texas
Bond Type
Fixed Rate
Method of Sale
Negotiated
Closing Date
10/10/2025
Water Financial Assistance Bonds Series 2025F (State Water Plan)*
Par Amount
$317,245,000
Tax Status
Taxable
Sale Date
09/25/2025
Sector
Water / Sewer
State
Texas
Bond Type
Fixed Rate
Method of Sale
Negotiated
Closing Date
10/10/2025

Additional Information

*Preliminary, subject to change

Bond Offering Ratings

S&P
AAA
Outlook
Stable
Date
Aug 2025
Fitch
AAA
Outlook
Stable
Date
Aug 2025

Senior Underwriter

BofA Securities, Inc.

Financial Advisor

Hilltop Securities Inc.

Bond Counsel

Orrick, Herrington & Sutcliffe LLP

Disclosure Counsel

Bracewell LLP