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Published on 12/14/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Miami-Dade County, Fla., to redeem some 2002 aviation revenue bonds

By Tali David

Minneapolis, Dec. 14 -Miami-Dade County, Fla., plans to redeem some of its series 2002 and 2002A aviation revenue bonds, according to a notice.

The bonds will be redeemed at par plus accrued interest on Dec. 18.

The following series 2002 bonds will be redeemed:

• $8,245,000 of 5.5% serial bonds due Oct. 1, 2013;

• $8.7 million of 5.5% serial bonds due Oct. 1, 2014;

• $9,175,000 of 5.625% serial bonds due Oct. 1, 2015;

• $9,695,000 of 5.75% serial bonds due Oct. 1, 2016;

• $10.25 million of 5.75% serial bonds due Oct. 1, 2017;

• $10.84 million of 5.75% serial bonds due Oct. 1, 2018;

• $11.46 million of 5.75% serial bonds due Oct. 1, 2019;

• $12.12 million of 5.75% serial bonds due Oct. 1, 2020;

• $12.82 million of 5.125% serial bonds due Oct. 1, 2021;

• $13,475,000 of 5.25% serial bonds due Oct. 1, 2022;

• $14,185,000 of 5.375% serial bonds due Oct. 1, 2023;

• $14,945,000 of 5.375% serial bonds due Oct. 1, 2024;

• $15.75 million of 5.375% serial bonds due Oct. 1, 2025;

• $34.08 million of 5.375% term bonds due Oct. 1, 2027; and

• $102.58 million of 5.375% term bonds due Oct. 1, 2032.

The following series 2002A bonds will be redeemed:

• $72,455,000 of 5% term bonds due Oct. 1, 2029; and

• $106,765,000 of 5% term bonds due Oct. 1, 2033.

The Bank of New York Mellon is the trustee.


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