BRADENTON, Fla. — The Orlando-Orange County Expressway Authority in central Florida today hopes to begin retail pricing of a two-pronged transaction — including up to $250 million of fixed-rate refunding revenue bonds and a restructuring of $250 million of variable-rate bonds with the termination of associated swaps.

While the refunding component is for debt-service savings, the potential restructuring to fixed-rate bonds is part of a strategy to reduce the authority’s exposure to variable-rate obligations.

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