BRADENTON, Fla. - The Orlando-Orange County Expressway Authority in central Florida hopes to take advantage of low market rates for savings and reduce its variable-rate exposure in a $463 million refunding Nov. 15.

Bond proceeds will be used to refinance outstanding 2003B bonds, , and to restructure 2003C bonds to reduce the OOCEA’s variable-rate portfolio to 30% from 38%.

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