Vero Beach, Fla., to remarket and convert $57.65 million M-Star refunding revenue bonds

By Cristal Cody

Springdale, Ark., May 28 - Vero Beach, Fla., plans to remarket $57.65 million of electric refunding revenue bonds on June 3, a sell-side source said Wednesday.

The series 2003A bonds (Aaa//AAA) initially priced with an M-STAR interest rate and will converted to a fixed-interest mode on June 10.

The bonds are insured by Financial Security Assurance.

Morgan Keegan & Co. is the senior remarketing agent and UBS Investment Bank is a co-remarketing agent.

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