Orange County School Board, Calif., plans $119.39 million COP offering

By Sheri Kasprzak

New York, Jan. 15 – The Orange County School Board of Florida plans to price $119,385,000 of series 2015D certificates of participation, according to a preliminary official statement.

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

The certificates are due 2018 to 2032.

Proceeds will be used to refund the board’s series 2007A-B certificates of participation.

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