Palm Bay, Fla., coordinates $51.24 million offering of refunding bonds

By Sheri Kasprzak

New York, Nov. 12 - The City of Palm Bay, Fla., plans to price $51.24 million of series 2013 taxable special obligation refunding bonds during the week of Nov. 11, according to a preliminary official statement.

The bonds (/A+/AA-) will be sold on a negotiated basis with RBC Capital Markets LLC and Raymond James/Morgan Keegan as the senior managers.

The maturities have not been set.

Proceeds will be used to refund the city's series 2008 taxable special obligation refunding bonds.

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