Osceola County, Fla., coordinates $73.39 million of expressway bonds

By Sheri Kasprzak

New York, March 19 - Osceola County, Fla., is set to price $73,391,888 of series 2014 expressway system revenue bonds, according to a preliminary official statement.

The deal includes $37.26 million of series 2014A Poinciana Parkway project expressway system senior lien revenue bonds, $14,300,079 of series 2014B-1 Poinciana Parkway project expressway system senior lien capital appreciation bonds and $21,831,809 of series 2014B-2 Poinciana Parkway project expressway system senior lien convertible capital appreciation bonds.

The bonds (/BBB-/) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager. The co-managers are PNC Capital Markets LLC and Ramirez & Co. Inc.

The maturities have not been set.

Proceeds will be used to finance expressway system improvements.

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