New Issue: Polk County, Fla., sells $50 million of utility system revenue bonds to yield 5.935%

By Sheri Kasprzak

New York, Aug. 26 - Polk County, Fla., priced $50 million of series 2010B utility system revenue Build America Bonds, said a pricing sheet.

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

The bonds are due Oct. 1, 2040 and have a 5.935% coupon priced at par.

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

Issuer:	Polk County, Fla.
Issue:	Series 2010B utility system revenue Build America Bonds
Amount:	$50 million
Maturity:	Oct. 1, 2040
Coupon:	5.935%
Price:	Par
Type:	Negotiated
Underwriters:	Bank of America Merrill Lynch (lead), Citigroup Global Markets Inc., Edward Jones & Co. and Raymond James & Associates Inc. (co-managers)
Ratings:	Moody's: Aa3
	Standard & Poor's: AAA
Pricing date:	Aug. 26
Settlement date:	Sept. 14

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