Voters in a June 4 referendum in the Reedy Creek Improvement District approved the issuance of $365 million of ad valorem tax bonds.

Reedy Creek is a public corporation of the state of Florida created to serve Walt Disney World.

Most of the property in the district is owned by the theme park.

Voters were asked in two ballot questions whether bonds should be sold to finance roads and parking facilities, and to acquire administrative and operational facilities within the district.

The vote was 17-to-2 approving the transportation projects, and 16-to-3 approving the district facility bonds, according a district spokeswoman.

Reedy Creek anticipates issuing $200 million of the bonds this summer and $165 million in 2015 to fund various improvements, according to recent bond documents.

On May 31, the district sold $54.9 million of utilities revenue refunding bonds that were rated A1 by Moody's Investors Service, and A by Fitch Ratings and Standard & Poor's.

The refunding bonds priced to yield 1.32% with a 5% coupon in 2017, 2.58% with a 5% coupon in 2021, and 3.21% with a 5% coupon in 2025.

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