Orlando-Orange County Expressway, Fla., plans to sell $290 million refunding revenue bonds

By Sheri Kasprzak

New York, May 10 - The Orlando-Orange County Expressway Authority of Florida is set to price $290 million of series 2011A refunding revenue bonds, according to a preliminary official statement.

The bonds (//A) will be sold through Wells Fargo Securities LLC. The co-managers are Bank of America Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Raymond James & Associates Inc., Barclays Capital Inc., Goldman Sachs & Co., Morgan Stanley & Co. Inc. and RBC Capital Markets LLC.

The maturities have not been set.

Proceeds will be used to refund the authority's series 2008B-1 and 2008B-2 bonds. In addition to the refunding, the authority plans to convert its series 2008B-3 and 2008B-4 bonds to the bank rate mode.

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