St. Johns Industrial Development, Fla., to sell $113 million bonds

By Sheri Kasprzak

New York, June 24 - The St. Johns County Industrial Development Authority of Florida is set to price $113 million in series 2010A revenue bonds for the Presbyterian Retirement Communities project, according to a preliminary official statement.

The bonds (//A-) will be sold on a negotiated basis with Raymond James & Associates Inc. and Herbert J. Sims & Co. as the lead managers.

The bonds are due 2017 to 2020 with term bonds due 2030, 2040 and 2045.

Proceeds will be used to refund existing bonds, which were used to construct retirement communities in St. Petersburg, Jacksonville, Winter Park, Tallahassee, Orlando and Bradenton, Fla.

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