Lee County, Fla., plans $80.47 million sale of water and sewer bonds

By Sheri Kasprzak

New York, March 24 - Lee County of Florida is set to price $80.465 million of series 2011 water and sewer refunding revenue bonds, according to a preliminary official statement. Pricing is expected during the week of March 28.

The bonds (Aa3/AA/AA-) will be sold through senior manager J.P. Morgan Securities LLC with RBC Capital Markets LLC and Morgan Stanley & Co. Inc. as the co-managers.

The maturities have not been set.

Proceeds will be used to refund the county's series 1999A water and sewer revenue bonds.

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