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Jacksonville, Fla., offers $355.18 million Better Jacksonville sales tax refunding revenue bonds
By Sheri Kasprzak
New York, March 9 - The City of Jacksonville, Fla., is set to price $355.18 million of series 2012 Better Jacksonville sales tax refunding revenue bonds, according to a preliminary official statement.
The bonds (A1/A/A+) will be sold on a negotiated basis with Goldman Sachs & Co. as the senior manager. The co-managers are CastleOak Securities LP, Loop Capital Markets LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC.
The bonds are due 2014 to 2030.
Proceeds will be used to make improvements to the city's transportation system, parks, infrastructure, roads, and other capital projects.
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