Orange County School Board, Fla., prepares $65.83 million sale of COPs

By Sheri Kasprzak

New York, March 10 - The Orange County School Board of Florida is set to price $65.83 million of series 2014A 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 2024 to 2029.

Proceeds will be used to current refund the school board's series 2004A certificates of participation.

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