By Sheri Kasprzak
New York, Sept. 14 - Orange County in Florida sold Tuesday $144.395 million in series 2010 tourist development tax refunding revenue bonds, said a term sheet.
The bonds (/A+/AA-) were sold competitively with Bank of America Merrill Lynch winning the bid.
The bonds are due 2019 to 2024 with 5% coupons across the board.
Proceeds will be used to refund all or a portion of the county's outstanding series 1998A tourist development tax refunding revenue bonds and its series 1998B tourist development tax revenue bonds.
The county seat is Orlando, Fla.
| Issuer: | Orange County, Fla.
|
| Issue: | Series 2010 tourist development tax refunding bonds
|
| Amount: | $144.395 million
|
| Type: | Competitive
|
| Underwriter: | Bank of America Merrill Lynch (winner)
|
| Ratings: | Standard & Poor's: A+
|
| Fitch: AA-
|
| Pricing date: | Sept. 14
|
| Settlement date: | Sept. 28
|
|
|
| Maturity | Type | Coupon | Price
|
| 2019 | Serial | 5% | 114.834
|
| 2020 | Serial | 5% | 114.389
|
| 2021 | Serial | 5% | 114.195
|
| 2022 | Serial | 5% | 113.342
|
| 2023 | Serial | 5% | 112.884
|
| 2024 | Serial | 5% | 112.941
|
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