Orlando-Orange County Expressway Authority, Fla., to sell $250 million refunding bonds Monday

By Sheri Kasprzak

New York, June 11 - The Orlando-Orange County Expressway Authority plans to price $250 million in series 2010B refunding revenue bonds, according to a preliminary official statement. The sale is set for Monday, according to a sales calendar.

The bonds (/A/A) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager. The co-managers include Citigroup Global Markets Inc.; J.P. Morgan Securities Inc.; 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 bonds are due 2011 to 2030.

Proceeds from the offering will be used to refund the authority's series 1998, 2008B-1 and 2008B-2 bonds.

The Orlando-based authority operates and maintains the city and county's expressway system.

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