Miami-Dade County, Fla., to price $600 million bonds for Miami airport

By Sheri Kasprzak

New York, April 7 - Miami-Dade County in Florida plans to sell $600 million in aviation revenue bonds for the Miami International Airport, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Barclays Capital Corp. as the senior manager. The co-managers are M.R. Beal & Co.; Rice Financial Products Co.; Raymond James & Associates Inc.; Wachovia Bank; Citigroup Global Markets Inc.; Estrada Hinojosa & Co. Inc.; Goldman, Sachs & Co.; Jackson Securities Inc.; J.P. Morgan Securities Inc.; Loop Capital Markets LLC; Morgan Keegan & Co. Inc.; Siebert Brandford Shank & Co. LLC; and Stifel, Nicolaus & Co. Inc.

The bonds will be sold in A and B tranches.

The maturities for the bonds have not yet been set.

Proceeds will be used to refinance all of the county's outstanding commercial paper notes, as well as to reimburse the county for capital improvements made by the county's port authority.

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