Greater Orlando Aviation to sell $268.435 million revenue bonds March 25

By Sheri Kasprzak

New York, March 20 - The Greater Orlando Aviation Authority in Florida intends to price $268.435 million in airport facilities refunding revenue bonds on March 25, a preliminary official statement said.

The offering includes $243.435 million in series 2008A AMT bonds and $25 million in series 2008B taxable bonds (Aa3/AA-/A+).

The 2008A bonds are due from 2008 to 2018, and the 2008B bonds are also due from 2008 to 2018.

UBS Investment Bank is the lead manager for the negotiated sale. The co-managers are Bear, Stearns & Co.; Raymond James & Co.; Citigroup Global Markets; Depfa First Albany Securities; Estrada Hinojosa & Co.; First Southwest Co.; Gardner Michael Capital; Loop Capital Markets; M.R. Beal & Co.; RBC Capital Markets; and SunTrust Robinson Humphrey.

Proceeds from the sale will be used to refund the authority's series 1998A, 1998B and 1998C variable-rate subordinated refunding revenue bonds.

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