Miami-Dade County Expressway, Fla., plans $270 million bond offering

By Sheri Kasprzak

New York, Sept. 11 – The Miami-Dade County Expressway Authority of Florida is expected to price $270 million of series 2014 toll system revenue and refunding revenue bonds, according to a preliminary official statement.

The bonds (A3/A-/A-) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC as the senior managers. The co-managers are RBC Capital Markets LLC and Rice Financial Products Co.

The maturities have not been set.

Proceeds will be used to refund the authority’s series 2005A and 2006 revenue bonds and terminate two forward swap agreements.

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