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Deltona, Fla., coordinates $78.83 million sale of utility system bonds
By Sheri Kasprzak
New York, Aug. 21 - The City of Deltona, Fla., plans to price $78.83 million of series 2013 utility system refunding revenue bonds, according to a preliminary official statement.
The bonds (/A/A+) will be sold on a negotiated basis with Raymond James/Morgan Keegan as the lead manager. The co-managers are BofA Merrill Lynch, J.P. Morgan Securities LLC and RBC Capital Markets LLC.
The bonds are due 2014 to 2031.
Proceeds will be used to refund the city's series 2003 utility system revenue bonds.
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