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Published on 10/22/2015 in the Prospect News Municipals Daily.

New Issue: Orlando Utilities Commission, Fla., sells $115.09 million revenue bonds

By Sheri Kasprzak

New York, Oct. 22 – The Orlando Utilities Commission sold $115.09 million of series 2015B utilities system revenue refunding bonds, according to an official statement.

The bonds (Aa2/AA/AA) were sold through Goldman, Sachs & Co.

The bonds are due Oct. 1, 2039 and bear interest at the weekly rate.

Proceeds will be used to advance refund the commission’s series 2009A utility system revenue bonds.

Issuer:Orlando Utilities Commission
Issue:Series 2015B utilities system revenue refunding bonds
Amount:$115.09 million
Maturity:Oct. 1, 2039
Coupon:Weekly
Price:100
Ratings:Moody’s: Aa2
Standard & Poor’s: AA
Fitch: AA
Pricing date:Oct. 20
Settlement date:Oct. 23

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