Emerald Coast Utilities, Fla., lines up $51.82 million utility bonds

By Sheri Kasprzak

New York, Sept. 2 – The Emerald Coast Utilities Authority of Florida is slated to price $51,815,000 of series 2015 utility system refunding revenue bonds, according to a preliminary official statement.

The bonds (/AA/) will be sold on a negotiated basis with Raymond James/Morgan Keegan as the senior manager and First Southwest Co. and Wells Fargo Securities LLC as the co-managers.

The bonds are due 2017 to 2036.

Proceeds will be used to finance capital improvements to the authority’s sewer lines, water mains and roadways, as well as refund its series 2006 revenue bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.