Orlando-Orange County Expressway, Fla., to sell $280 million bonds

By Sheri Kasprzak

New York, Oct. 19 - The Orlando-Orange County Expressway Authority of Florida plans to bring to market $280 million in series 2010C revenue bonds, according to a preliminary official statement.

The bonds will be sold through Citigroup Global Markets Inc. The co-managers are Bank of America Merrill Lynch; J.P. Morgan Securities LLC; Loop Capital Markets LLC; Raymond James & Associates Inc.; Barclays Capital Inc.; Goldman Sachs & Co.; Morgan Stanley & Co. Inc.; RBC Capital Markets Corp.; and Wells Fargo Securities LLC.

The maturities have not been set.

Proceeds will be used to finance costs associated with acquiring, constructing, improving and expanding highway projects under the authority's five-year plan.

The Orlando-based authority plans, designs, constructs and operates expressway projects throughout Orlando and Orange County.

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