Miami-Dade to reoffer $139.7 million in 2003E aviation revenue refunding bonds

By Sheri Kasprzak

New York, March 3 - Miami-Dade County in Florida plans to remarket $139.7 million in series 2003E aviation revenue refunding bonds for Miami International Airport.

The bonds are being remarketed in an effort to secure a fixed rate on the variable-rate bonds. The mode change date for the bonds is expected to be March 17, according to a preliminary official statement released Monday.

Lehman Brothers is the remarketing agent.

The bonds have a serial structure from 2010 to 2024.

Proceeds will be used for capital improvement projects.

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