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Published on 12/12/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Miami-Dade County, Fla., to redeem some series 1997, 1998 & 2000 bonds

By Tali David

Minneapolis, Dec. 12 -Miami-Dade County, Fla., plans to redeem some of its series 1997C, 1998A, 1998C, 2000A and 2000B aviation bonds, according to a notice.

The bonds will be redeemed at par plus accrued interest on Jan. 14.

The following series 1997C non-AMT term revenue bonds will be redeemed:

• $63.17 million of 5.125% bonds due Oct. 1, 2027.

The following series 1998A AMT term revenue refunding bonds will be redeemed:

• $2.45 million of 5% bonds due Oct. 1, 2018; and

• $83,225,000 of 5% bonds due Oct. 1, 2024.

The following series 1998C AMT revenue bonds will be redeemed:

• $5.46 million of 5.25% serial bonds due Oct. 1, 2013;

• $5,745,000 of 5.25% serial bonds due Oct. 1, 2014;

• $6.05 million of 5.25% serial bonds due Oct. 1, 2015;

• $6,365,000 of 5.25% serial bonds due Oct. 1, 2016;

• $6.7 million of 5.25% serial bonds due Oct. 1, 2017;

• $7.05 million of 5.25% serial bonds due Oct. 1, 2018;

• $41,005,000 of 5% term bonds due Oct. 1, 2023; and

• $52.34 million of 5% term bonds due Oct. 1, 2028.

The following series 2000A AMT revenue bonds will be redeemed:

• $2,635,000 of 5.55% serial bonds due Oct. 1, 2013;

• $2,785,000 of 5.65% serial bonds due Oct. 1, 2014;

• $2.94 million of 5.7% serial bonds due Oct. 1, 2015;

• $3.11 million of 5.75% serial bonds due Oct. 1, 2016;

• $3,285,000 of 5.8% serial bonds due Oct. 1, 2017;

• $3.48 million of 5.85% serial bonds due Oct. 1, 2018;

• $3.68 million of 5.875% serial bonds due Oct. 1, 2019;

• $3.9 million of 5.875% serial bonds due Oct. 1, 2020;

• $18.05 million of 6% term bonds due Oct. 1, 2024; and

• $29.37 million of 6% term bonds due Oct. 1, 2029.

The following series 2000B non-AMT revenue bonds will be redeemed:

• $2.13 million of 5.35% serial bonds due Oct. 1, 2013;

• $2,245,000 of 5.4% serial bonds due Oct. 1, 2014;

• $2,365,000 of 5.45% serial bonds due Oct. 1, 2015;

• $2,495,000 of 5.5% serial bonds due Oct. 1, 2016;

• $2.63 million of 5.55% serial bonds due Oct. 1, 2017;

• $2,775,000 of 5.6% serial bonds due Oct. 1, 2018;

• $2.93 million of 5.75% serial bonds due Oct. 1, 2019;

• $3.1 million of 5.75% serial bonds due Oct. 1, 2020;

• $14,285,000 of 5.75% term bonds due Oct. 1, 2024; and

• $22,995,000 of 5.75% term bonds due Oct. 1, 2029.

Regions Bank is the escrow agent.


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