Jacksonville Transportation, Fla., plans $100 million of gas tax bonds

By Sheri Kasprzak

New York, Jan. 9 – The Jacksonville Transportation Authority of Florida plans to price $100 million of series 2015 senior lien local option gas tax revenue bonds during the week of Jan. 12, according to a preliminary official statement and sales calendar.

The bonds (/AA/AA-) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the lead manager. The co-managers are BofA Merrill Lynch and Loop Capital Markets LLC.

The bonds are due 2017 to 2036.

Proceeds will be used to construct, equip and acquire roadway and transit improvements.

© 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.