CFX Plans an Advance Refunding of $425 Million in Bonds

The Bond Buyer (subscription required) reports under the headline, “Market Metrics Fuel Florida Toll Road Refunding,” that the Central Florida Expressway Authority plans a $425 million advance refunding “spurred by continued low interest rates in the bond market and reduced negative arbitrage.”

Bond Buyer is out with another article (subscription required) stating that, “As traffic congestion increased, more and more motorists see tolls and mileage charges as funding solutions.”