Miami-Dade County, Fla., to sell $329.77 million bonds, BABs Thursday

By Sheri Kasprzak

New York, Sept. 10 - Miami-Dade County in Florida is expected to price $329.765 million in series 2009 transit system sales surtax revenue bonds, according to a preliminary official statement. The sale is expected for Thursday, according to a sales calendar.

The offering includes $77.855 million in series 2009A tax-exempt bonds and $251.91 million in series 2009B Build America Bonds.

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

The 2009A bonds are due 2010 to 2039 with term bonds, the maturities of which have not been set. The 2009B bonds are due 2010 to 2039, also with term bonds.

Proceeds will be used to fund transportation improvements and public works projects.

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