Tallahassee, Fla., intends to price $115.64 million energy system revenue refunding bonds

By Sheri Kasprzak

New York, March 30 - The City of Tallahassee, Fla., is expected to price $115.64 million in series 2010 energy system revenue refunding bonds, according to a preliminary official statement.

The bonds (Aa3/AA/AA-) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager. The co-managers are J.P. Morgan Securities Inc., RBC Capital Markets Corp. and Ramirez & Co. Inc.

The bonds are due 2016 to 2028.

Proceeds will be used to refund all or a portion of the city's outstanding energy system revenue bonds as well as to refund its series 1998A and 1998B bonds.

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