Seminole County, Fla., to sell $76 million water, sewer revenue bonds

By Sheri Kasprzak

New York, Feb. 26 - Seminole County in Florida plans to offer $76.005 million in series 2010 water and sewer revenue bonds, according to a preliminary official statement.

The offering includes $4.405 million in series 2010A bonds, $59.36 million in series 2010B Build America Bonds and $12.24 million in series 2010C recovery zone economic development Build America Bonds.

The bonds (Aa3/AA-/) will be sold through Citigroup Global Markets Inc. as the senior manager. The co-managers are Fifth Third Securities Inc. and Bank of America Merrill Lynch.

The 2010A bonds are due 2011 to 2025, and the 2010B bonds are due 2040. The 2010C bonds are due 2040.

Proceeds will be used to fund capital infrastructure projects.

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