BRADENTON, Fla. - To prepare for the six-month-long hurricane season, which starts June 1, Florida's Citizens Property Insurance Corp. this week expects to price $2 billion or more of fixed-rate, tax-exempt revenue bonds and notes.

Proceeds of the Series 2009A-1 bonds and Series 2009A-2 notes will be used to provide liquidity for the nonprofit agency's high-risk account, for upcoming hurricane seasons. The amount of each series to be sold was still being determined yesterday, but Citizens is authorized to sell up to $2.5 billion of debt.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.