Miami-Dade County Industrial, Fla., plans $55.98 million bond offering

By Sheri Kasprzak

New York, March 3 – The Miami-Dade County Industrial Development Authority of Florida is set to price $55.98 million of series 2015 industrial development revenue bonds for the NCCD – Biscayne Properties LLC project, according to a preliminary official statement.

The deal includes $55,905,000 of series 2015A bonds and $75,000 of series 2015B taxable bonds.

The bonds (Baa3) will be sold on a negotiated basis with Raymond James/Morgan Keegan as the sole underwriter.

The 2015A bonds are due 2017 to 2025, and the 2015B bonds are due in 2017.

Proceeds will be used to construct, equip, furnish and acquire student housing and a parking facility at the Biscayne Bay, Fla., campus of Florida International University.

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