Florida Hurricane Catastrophe Fund to sell $625 million bonds July 14

By Sheri Kasprzak

New York, July 9 - The Florida Hurricane Catastrophe Fund Finance Corp. plans to sell $625 million in series 2008A revenue bonds, said a sellside source close to the deal.

The bonds (Aa3//AA-) will be sold on a competitive basis on July 14, the source said.

Proceeds will be used to reimburse insurance companies for additional losses during the 2005 hurricane season.

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