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Miami-Dade County, Fla., eyes $300 million of special obligation bonds
By Sheri Kasprzak
New York, July 12 – Miami-Dade County, Fla., is expected to price $300 million of series 2016 subordinate special obligation refunding bonds, according to a preliminary official statement.
The bonds (/A+/A+) will be sold on a negotiated basis with Ramirez & Co. Inc. as the senior manager. The co-managers are Drexel Hamilton LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Rice Financial Products Co., BofA Merrill Lynch, Barclays, Blaylock Beal Van LLC, Cabrera Capital Markets LLC, Estrada Hinojosa & Co. Inc., Loop Capital Markets LLC and Raymond James/Morgan Keegan.
The maturities have not been set.
Proceeds will be used to refund the county’s series 1996B and 2005 special obligation bonds.
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