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Published on 7/1/2010 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Orlando-Orange County Expressway Authority, Fla., cancels 2008B-1, 2008B-2 bond redemption

By Devika Patel

Knoxville, Tenn., July 1 - The Orlando-Orange County Expressway Authority of Florida said it has rescinded its offer to redeem all $249.525 million of its variable-rate refunding revenue bonds, series 2008B-1 and 2008B-2, on July 1. The optional redemption was announced June 16.

The affected bonds include $131.025 million of 2008B-1 bonds due July 1, 2040 and $118.5 million of 2008B-2 bonds due July 1, 2040.


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