Osceola County, Fla., to price $50.07 million sales tax revenue bonds

By Sheri Kasprzak

New York, Dec. 4 - Osceola County in Florida is planning to sell $50.07 million in series 2008 sales tax revenue bonds, according to a preliminary official statement released Thursday.

The bonds (A2/A+/A+) will be sold on a negotiated basis with Fifth Third Securities and Citigroup Global Markets as the senior managers.

The bonds are due from 2010 to 2018 with term bonds due 2023, 2028 and 2038.

Proceeds will be used for the construction, acquisition and installation of properties and facilities throughout the county. The remainder will be used to fund required reserves.

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