DALLAS – Bexar County, Texas called on Frost Bank of San Antonio to underwrite $128 million of tax-exempt debt Monday in a deal designed to enhance the city’s convention and tourism venues while raising the hometown bank’s profile in the municipal bond industry.

With ratings of A1 from Moody’s Investors Service, A from Standard & Poor’s and A-plus from Fitch Ratings, Bexar County’s venue-tax revenue bonds maturing in 2049 with 5% coupons drew yields of 4.07% in Monday’s pricing. The bonds are subject to optional calls in 2022. On the short end, maturities of 2014 with 2% coupons drew a yield of 95 basis points.

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