Miami-Dade County Expressway plans $350 million sale of revenue bonds

By Sheri Kasprzak

New York, July 19 - The Miami-Dade County Expressway Authority is expected to sell $350 million in series 2010 toll system revenue bonds, according to a preliminary official statement. Pricing is expected during the week of Aug. 2.

The bonds (A3/A/A-) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager. The co-managers are Bank of America Merrill Lynch; J.P. Morgan Securities Inc.; Morgan Keegan & Co. Inc.; Morgan Stanley & Co. Inc.; Raymond James & Associates Inc.; Sterne, Agee & Leach Inc.; Rice Financial Products Co.; and Siebert Brandford Shank & Co. LLC.

Proceeds from the sale will be used to finance the authority's 2011 to 2015 work program.

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