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Published on 11/27/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Miami-Dade County, Fla., calls three special obligation bond series

By Ashley Montgomery

Kansas City, Kan., Nov. 27 - Miami-Dade County of Florida will redeem portions of its series 1997A, 1997B and 1997C subordinate special obligation bonds, according to a notice.

The bonds will be redeemed on Dec. 23.

All of the bonds, except for the 1997B bonds due Oct. 1, 2037, will be redeemed at 102. The 1997B bonds due Oct. 1, 2037 will be redeemed at par. All redemption prices will include accrued interest to the redemption date.

The following 1997A refunding bonds are affected:

• $543,479 of 5.35% bonds due Oct. 1, 2013;

• $12,659,118 of 5.4% bonds due Oct. 1, 2014;

• $13,062,473 of 5.45% bonds due Oct. 1, 2015;

• $13,407,388 of 5.5% bonds due Oct. 1, 2016;

• $13,718,011 of 5.52% bonds due Oct. 1, 2017;

• $13,988,317 of 5.54% bonds due Oct. 1, 2018;

• $14,224,813 of 5.55% bonds due Oct. 1, 2019;

• $14,422,646 of 5.56% bonds due Oct. 1, 2020;

• $17,562,493 of 5.57% bonds due Oct. 1, 2021;

• $17,560,947 of 5.58% bonds due Oct. 1, 2022;

• $17,535,332 of 5.59% bonds due Oct. 1, 2023;

• $17,485,982 of 5.6% bonds due Oct. 1, 2024;

• $17,416,738 of 5.61% bonds due Oct. 1, 2025; and

• $17,327,127 of 5.62% bonds due Oct. 1, 2026.

The following 1997B bonds are affected:

• $10,594,662 of 5.63% bonds due Oct. 1, 2028;

• $18,547,577 of 5.63% bonds due Oct. 1, 2029;

• $19,230,180 of 5.65% bonds due Oct. 1, 2030;

• $18,967,643 of 5.65% bonds due Oct. 1, 2031;

• $18,668,144 of 5.66% bonds due Oct. 1, 2032;

• $18,400,532 of 5.66% bonds due Oct. 1, 2033;

• $9,187,933 of 5.66% bonds due Oct. 1, 2034;

• $8,334,142 of 5.66% bonds due Oct. 1, 2035;

• $3,218,980 of 5.66% bonds due Oct. 1, 2036; and

• $116,855,000 of 5% bonds due Oct. 1, 2037.

The following 1997C bonds are affected:

• $11,570,286 of 5.4% bonds due Oct. 1, 2013; and

• $24,426,045 of 5.68% bonds due Oct. 1, 2028.

The Bank of New York Mellon is the paying agent.


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