Florida Ports plans $153.49 million sale of refunding revenue bonds

By Sheri Kasprzak

New York, May 4 - The Florida Ports Financing Commission is set to price $153.485 million of series 2011 state transportation trust fund refunding revenue bonds, according to a preliminary official statement.

The deal includes $10.59 million of series 2011A non-AMT bonds and $142.895 million of series 2011B AMT bonds.

Citigroup Global Markets Inc. is the senior manager for the bonds (Aa3/AA+/AA). The co-managers are Merrill Lynch, Morgan Stanley & Co. Inc. and Siebert Brandford Shank & Co. LLC.

The 2011A bonds are due 2013 to 2027, and the 2011B bonds are due 2012 to 2021 with a term bond due in 2027.

Proceeds will be used to refund the commission's series 1996 bonds.

Based in Tallahassee, Fla., the commission operates the state's major ports.

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