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Orlando Utilities, Fla., readies $90 million sale of refinancing bonds
By Sheri Kasprzak
New York, Dec. 5 - The Orlando Utilities Commission of Florida is set to sell $90 million of series 2011 utility system revenue refinancing bonds, according to a sales calendar. Pricing is expected during the week of Dec. 5.
The bonds (Aa1/AA/AA) will be sold on a negotiated basis with Barclays Capital Inc. as the lead manager.
Proceeds from the deal will be used to refinance the commission's series 2002A and 2003A-B utility system revenue bonds.
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