Miami-Dade County, Fla., to sell $247.5 million aviation G.O. bonds

By Sheri Kasprzak

New York, Feb. 1 - Miami-Dade County in Florida is expected to price $247.5 million in series 2010 double-barreled aviation general obligation bonds, according to a preliminary official statement.

The bonds (Aa3/AA-/) will be sold on a negotiated basis with Morgan Stanley & Co. Inc. as the lead manager. The co-managers are J.P. Morgan Securities Inc.; M.R. Beal & Co. Inc.; Rice Financial Products Co.; Stifel, Nicolaus & Co. Inc.; Estrada Hinojosa & Co. Inc.; Goldman, Sachs & Co.; Jackson Securities Inc.; Morgan Keegan & Co. Inc.; Ramirez & Co. Inc.; Siebert Brandford Shank & Co. LLC; and Wells Fargo Securities Inc.

The maturities have not yet been set.

Proceeds will be used to fund improvements to the county's airport.

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