By Sheri Kasprzak
New York, July 8 – The Central Florida Expressway Authority sold $193,695,000 of series 2015 senior lien revenue bond anticipation notes, according to a pricing sheet.
The notes (A2/A/A) were sold competitively. The issuer did not return calls for the winning bidder.
The notes are due Jan. 1, 2019 and have a 1.625% coupon priced at 100.298 to yield 1.5%.
Proceeds will be used to provide short-term funding for a portion of the Wekiva Parkway project that extends from Sanford to Mount Dora. The project includes the extension of State Route 429, the addition of State Route 453 and various improvements to state and local roads.
| Issuer: | Central Florida Expressway Authority
|
| Issue: | Series 2015 senior lien revenue bond anticipation notes
|
| Amount: | $193,695,000
|
| Maturity: | Jan. 1, 2019
|
| Coupon: | 1.625%
|
| Price: | 100.298
|
| Yield: | 1.5%
|
| Type: | Competitive
|
| Ratings: | Moody’s: A2
|
| Standard & Poor’s: A
|
| Fitch: A
|
| Pricing date: | July 8
|
| Settlement date: | July 21
|
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