Lee County, Fla., offers $94 million airport revenue refunding bonds

By Sheri Kasprzak

New York, June 4 - Lee County in Florida is set to sell $93.98 million in series 2010A airport revenue refunding bonds, according to a preliminary official statement.

The bonds (A2/A-/A) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Raymond James & Associates Inc. as the lead managers.

The bonds are due 2011 to 2020 with a term bond, the maturity date of which has not been set.

Proceeds from the sale will be used to refund the county's existing series 2000A airport revenue bonds.

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