TITLE

Miami-Dade's $600M Deal Leads Southern-Flavored Slate

AUTHOR(S)
Albano, Christine
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/12/2003, Vol. 344 Issue 31633, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Following the Northeast bonanza as of May 2003, that centered around large New York issues, this week's primary bond market menu will take on a Southern flair, with a handful of sizable deals hailing from Florida, Georgia, and Louisiana that are expected to be snapped up by supply-starved investors.During the week starting May 12, 2003 negotiated calendar is void of the mammoth bond deals that flooded the market in recent weeks, and that should put a greater emphasis on demand for the competitive slate, according to Paul Kuhns, managing director of underwriting at Merrill, Lynch &. Co. in New York City. The largest of the offerings is expected to be a$ 600 million Miami-Dade County aviation revenue sale scheduled for pricing on Thursday by Lehman Brothers after a retail order period on Wednesday.Two of the larger competitive deals, meanwhile, will take place in Georgia, beginning today with a$ 111.6 million sales tax revenue offering from the Metro Atlanta Rapid Transit Authority that matures from 2004 to 2020 and is rated A1 by Moody's and AA-minus by Standard & Poor's.
ACCESSION #
9845671

 

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