Winter Park, Fla., to sell $57 million revenue bonds

By Sheri Kasprzak

New York, Nov. 24 - The city of Winter Park in Florida is gearing up to price $57 million in series 2008 water and sewer refunding and improvement revenue bonds, according to a preliminary official statement.

The bonds (Aa3/AA-/A+) will be sold on a negotiated basis with Morgan Keegan & Co. and Gardnyr Michael Capital Inc. as the senior managers.

Proceeds will be used to refund and redeem all of the city's outstanding series 2004 bonds and to pay for a swap termination agreement.

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