Published on 11/15/2012 in the Prospect News Municipals Daily.
New Issue: Orlando-Orange County Expressway, Fla., sells $207.54 million bonds
By Sheri Kasprzak
New York, Nov. 15 - The Orlando-Orange County Expressway Authority of Florida priced $207.54 million of series 2013A refunding revenue bonds, according to a pricing sheet.
The bonds (A2/A/A) were sold through Citigroup Global Markets Inc.
The bonds are due 2017 to 2025 with 3% to 5% coupons.
Proceeds will be used to refund the authority's series 2003B revenue bonds.
| Issuer: | Orlando-Orange County Expressway Authority
|
| Issue: | Series 2013A refunding revenue bonds
|
| Amount: | $207.54 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. (lead), Raymond James/Morgan Keegan, Loop Capital Markets LLC, Morgan Stanley & Co. LLC and RBC Capital Markets LLC (co-managers)
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A
|
| Pricing date: | Nov. 15
|
| Settlement date: | Nov. 29
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $21.26 million | 2017 | Serial | 5% | 117.453
|
| $22,455,000 | 2018 | Serial | 5% | 120.181
|
| $23.7 million | 2019 | Serial | 5% | 122.3
|
| $25.02 million | 2020 | Serial | 5% | 123.641
|
| $26.48 million | 2022 | Serial | 5% | 124.476
|
| $27,955,000 | 2023 | Serial | 5% | 124.924
|
| $29.51 million | 2024 | Serial | 5% | 126.977
|
| $12.5 million | 2025 | Serial | 3% | 102.001
|
| $18.66 million | 2025 | Serial | 5% | 128.102
|
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