Sarasota County, Fla., schools to price $74.2 million COPs week of March 9

By Cristal Cody

Tupelo, Miss., March 4 - The School Board of Sarasota County in Florida intends to price $74.195 million in certificates of participation the week of March 9, a market source told Prospect News on Wednesday.

The series 2009 certificates (Aa3/AA-/AA-) probably will be sold on March 10, the source said.

The certificates have serial maturities from 2010 through 2024, according to a preliminary official statement released Wednesday.

RBC Capital Markets Corp. is the senior manager of the negotiated sale.

The co-managers are Citigroup Global Markets Inc., Raymond James & Associates, Inc. and Wachovia Bank, NA.

The proceeds will be used to finance the acquisition, construction and installation of educational facilities.

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