School Board of Orange County, Fla., to price $185 million COPs

By Cristal Cody

Tupelo, Miss., Feb. 19 - The School Board of Orange County, Florida plans to price $185 million in certificates of participation, according to a preliminary official statement.

The series 2009A certificates have serial maturities from 2016 through 2024 and terms due 2029 and 2034.

The notes are insured by Assured Guaranty Corp.

Citigroup Global Markets Inc. is the senior manager of the negotiated sale.

Co-managers are Jackson Securities Inc., Merrill Lynch & Co., Morgan Stanley & Co. Inc., RBC Capital Markets Corp., Raymond James & Associates, Inc., Siebert Brandford Shank & Co., LLC and Wachovia Bank, N.A.

The proceeds will be used to finance the costs to construct, replace and renovate two high schools.

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