Miami-Dade Inks School Swaps With RBC, Merrill

Sigo, Shelly
April 2006
Bond Buyer;4/24/2006, Vol. 356 Issue 32366, p1
Trade Publication
The article reports on the closure of interest rate swaps of Miami-Dade County School District in the bond market in the U.S. The district introduced competitive bids amounting to 197.3 million dollars to lock up in fixed rates on certificates of participation sold in auction and multimodal-rate modes. The swaps give the school district the chance to issue more variable-rate debt in the future.


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