Fort Lauderdale-Hollywood International Airport to price $104 million revenue refunding bonds

By Cristal Cody

Springdale, Ark., June 13 - The Fort Lauderdale-Hollywood International Airport and Broward County, Fla., tentatively expect to price $104 million airport system revenue refunding bonds on July 2, the issuer said Friday.

The sale of the series 2008N weekly variable-rate demand bonds (Aa3) will be timed to a weekly AMT maturity that is maturing on July 2, said Mark Spennacchio, finance director at the airport.

Proceeds will be used to refund $102 million in the series 2004M auction-rate securities that were insured by Ambac.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.