BRADENTON, Fla. - Despite a negative change to Florida's credit outlook as the Legislature worked to close a $2.3 billion budget gap, the Division of Bond Finance completed its largest competitive bond sale in several months - $200 million for public education capital outlay.

The 30-year PECO bonds sold to Merrill Lynch & Co. at a true interest cost of 4.71%, a rate comparable to those the credit received prior to the current market turmoil, said Ben Watkins, director of the division.

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