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Published on 7/21/2011 in the Prospect News Municipals Daily.

Lee County, Fla., offers $119 million airport revenue refunding bonds

By Cristal Cody

Tupelo, Miss., July 21 - Lee County, Fla., expects to price $118.9 million of airport revenue refunding bonds, according to a preliminary official statement on Thursday.

The series 2011A bonds have serial maturities from 2013 through 2026 and a term bond due 2029.

Citigroup Global Markets Inc. is the lead manager, and Raymond James & Associates, Inc. is the co-manager of the negotiated sale.

Proceeds will be used to refund all or a portion of the county's outstanding series 2000A airport revenue bonds.


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