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UCF Convocation, Fla., coordinates $79.28 million of refunding bonds
By Sheri Kasprzak
New York, June 25 – UCF Convocation Corp. of Florida is set to price $79,275,000 of series 2015 refunding revenue bonds, according to a preliminary official statement.
The offering includes $44.57 million of series 2015A bonds and $34,705,000 of series 2015B taxable bonds.
The bonds (/A+/AA-) will be sold through senior manager BofA Merrill Lynch with Raymond James/Morgan Keegan, SunTrust Robinson Humphrey and Wells Fargo Securities LLC as the co-managers.
The 2015A bonds are due 2026 to 2035. The 2015B bonds are due 2015 to 2026.
Proceeds will be used to refund the corporation’s series 2005A-B certificates of participation, which were issued to renovate the University of Central Florida’s arena and to construct retail space at the Orlando university.
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