By Sheri Kasprzak
New York, Nov. 16 - Brevard County in Florida priced $58.81 million in series 2009 industrial development revenue bonds on Thursday for the TUFF Florida Tech project, according to a pricing sheet.
The bonds (/BBB-/) were sold through Merrill Lynch & Co.
The bonds are due 2019, 2029 and 2039 with coupons from 6% to 6.75%.
Proceeds will be used to acquire, furnish, construct and equip student housing at Florida Tech.
| Issuer: | Brevard County, Fla.
|
| Issue: | Series 2009 industrial development revenue bonds
|
| Amount: | $58.81 million
|
| Type: | Negotiated
|
| Underwriter: | Merrill Lynch & Co.
|
| Rating: | Standard & Poor's: BBB-
|
| Pricing date: | Nov. 12
|
| Settlement date: | Nov. 24
|
|
|
| Maturity | Type | Coupon | Price
|
| 2019 | Term | 6% | 98.165
|
| 2029 | Term | 6.5% | 97.276
|
| 2039 | Term | 6.75% | 96.877
|
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