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Tohopekaliga Water Authority, Fla., to price $94.82 million bonds
By Sheri Kasprzak
New York, Feb. 25 - The Tohopekaliga Water Authority of Florida plans to price $94.82 million of series 2011A utility system revenue refunding bonds, said a preliminary official statement.
The offering replaces the authority's planned $99.58 million series 2010A revenue refunding bond sale that was canceled in late 2010.
FirstSouthwest Co. is the senior manager for the negotiated deal.
The proceeds from the bonds (Aa3/AA+/) will be used to refund the authority's series 2007 bonds and terminate a swap agreement connected to those bonds.
The authority is based in Kissimmee, Fla.
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