Miami-Dade County, Fla., prepares $371.93 million G.O. bond offering

By Sheri Kasprzak

New York, Jan. 2 – Miami-Dade County, Fla., is expected to price $371.93 million of series 2015 general obligation bonds on Tuesday, according to a preliminary official statement.

The deal includes $52,125,000 of series 2015A parks program G.O. refunding bonds, $226.4 million of series 2015B Building Better Communities program G.O. refunding bonds and $93,405,000 of series 2015C public health trust program G.O. bonds.

The bonds (Aa2/AA/) will be sold competitively with Public Financial Management Inc. as the financial adviser.

The 2015A bonds are due 2020 to 2030, and the 2015B bonds are due 2015 to 2030. The 2015C bonds are due 2015 to 2044.

Proceeds will be used to refund existing debt and finance projects for the county’s public health trust program.

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