Orange County School Board, Fla., coordinates $85.16 million COP deal

By Sheri Kasprzak

New York, June 10 - The Orange County School Board of Florida plans to price $85.16 million of series 2013A certificates of participation, according to a preliminary official statement.

The COPs (Aa2//AA) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager. The co-managers are BofA Merrill Lynch, Citigroup Global Markets Inc., Jefferies & Co., Loop Capital Markets LLC, Raymond James/Morgan Keegan and Wells Fargo Securities LLC.

The certificates are due 2015 to 2029.

Proceeds will be used to refund the board's series 2004A COPs.

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