Orange County, Fla., schools delay $85 million note sale until Oct. 15

By Sheri Kasprzak

New York, Oct. 7 - The School Board of Orange County in Florida has postponed its planned $85 million sale of series 2008 tax anticipation notes, said Steve Compton, the board's senior administrator of treasury services, Tuesday.

The sale had been slated to price Tuesday, but due to volatile market conditions, the notes (MIG1) will now price on Oct. 15, Compton said.

The notes, which mature Oct. 1, 2009, will be sold on a competitive basis with SunTrust Robinson Humphrey as the financial adviser.

Proceeds will be used for the payment of expenses ahead of the collection of ad valorem taxes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.