Florida Keys Aqueduct Authority to sell $52.625 million revenue refunding bonds Thursday

By Sheri Kasprzak

New York, June 10 - The Florida Keys Aqueduct Authority plans to price $52.625 million in series 2008 water revenue refunding bonds on Thursday, said a sellsider familiar with the sale.

The bonds (Aaa/VMIG1//AA+) will be sold on a negotiated basis with Citigroup Global Markets as the senior manager.

The bonds will initially bear interest at the weekly rate but may be converted to a fixed-rate mode.

Proceeds from the sale, the source said, will be used to redeem the authority's outstanding series 2006 bonds.

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