Polk County, Fla., to sell $50 million utility system bonds Thursday

By Sheri Kasprzak

New York, Aug. 20 - Polk County in Florida plans to sell $50 million in series 2010 utility system revenue bonds on Thursday, according to a preliminary official statement and a sales calendar.

The offering will include tax-exempt bonds and Build America Bonds, but the exact breakdown of the amount of each offering was unavailable Friday.

The bonds (Aa3/AAA/) will be sold through Bank of America Merrill Lynch. The co-managers are Citigroup Global Markets Inc., Edward Jones & Co. and Raymond James & Associates Inc.

The maturities have not been set.

Proceeds will be used to acquire, construct, extend and improve the county's utility system.

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