Miami-Dade County, Fla., to sell $100 million special obligation bonds

By Sheri Kasprzak

New York, June 10 - Miami-Dade County in Florida is expected to price $100 million in series 2009 subordinate special obligation bonds, according to a preliminary official statement. Even though no exact pricing date is set, a sellside source suggested that the sale is expected for mid-June.

The bonds (A3/A+/A) will be sold on a negotiated basis with J.P. Morgan Securities Inc. as the senior manager. The co-managers are Barclays Capital Corp., M.R. Beal & Co., Rice Financial Products Co., Estrada Hinojosa & Co. Inc., Jackson Securities Inc., Loop Capital Markets LLC, Samuel Ramirez & Co. and Stifel, Nicolaus & Co. Inc.

The maturities have not been set.

Proceeds will be used to construct a baseball stadium for the Florida Marlins.

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