Florida to sell $206.66 million of turnpike revenue refunding bonds

By Cristal Cody

Tupelo, Miss., July 18 - The State of Florida was expected to price $206.66 million of Department of Transportation turnpike revenue refunding bonds via a competitive sale on Thursday, according to an informed source.

The series 2013 bonds (Aa3/AA-/AA-) have serial maturities from July 1, 2014 through July 1, 2022.

Final pricing details were not immediately available.

Proceeds will be used to refund all or a portion of the outstanding State of Florida Department of Transportation series 2003A turnpike revenue refunding bonds.

The deal settles on Aug. 22.

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