New Issue: Miami-Dade County, Fla., sells $328.01 million aviation refunding bonds

By Sheri Kasprzak

New York, March 13 - Miami-Dade County, Fla., sold $328.01 million of series 2014 AMT aviation revenue refunding bonds, according to a pricing sheet. The offering was substantially upsized from $158,525,000.

The bonds (A2/A/A) were sold through Goldman, Sachs & Co.

The bonds are due 2015 to 2032 with a term bond due in 2034. The serial coupons range from 4% to 5%. The 2034 bonds have a 5% coupon priced at 103.05.

Proceeds will be used to refund existing revenue bonds.

Issuer:	Miami-Dade County, Fla.
Issue:	Series 2014 AMT aviation revenue refunding bonds
Amount:	$328.01 million
Type:	Negotiated
Underwriter:	Goldman, Sachs & Co.
Ratings:	Moody's: A2
	Standard & Poor's: A
	Fitch: A
Pricing date:	March 12
Settlement date:	March 28
Amount	Maturity	Type	Coupon	Price
$7.07 million	2015	Serial	4%	105.097
$7,355,000	2016	Serial	4%	107.827
$4.64 million	2017	Serial	5%	112.942
$7,865,000	2018	Serial	5%	114.59
$8,265,000	2019	Serial	5%	114.842
$8.68 million	2020	Serial	5%	114.348
$9,115,000	2021	Serial	5%	113.284
$500,000	2022	Serial	4%	104.777
$9.07 million	2022	Serial	5%	112.127
$1,965,000	2023	Serial	5%	110.848
$2.06 million	2024	Serial	5%	110.316
$25,665,000	2027	Serial	5%	107.091
$26.96 million	2028	Serial	5%	106.652
$28,305,000	2029	Serial	5%	106.128
$29,175,000	2030	Serial	5%	105.349
$10 million	2031	Serial	4.375%	97.549
$21.2 million	2031	Serial	5%	104.747
$32.7 million	2032	Serial	5%	104.064
$87.42 million	2034	Term	5%	103.05

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