TITLE

Florida Airports Selling Close to $1 Billion Over Next Month

AUTHOR(S)
Sigo, Shelly
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/15/2003, Vol. 344 Issue 31636, p32
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The pricing of 600 million dollar of aviation revenue bonds for Florida-based Miami International Airport launched a money and refunding activity on May 15, 2003 that would enable nearly 1 billion dollar of aviation-related bonds come to the bond market in Florida during June 2003. Aviation experts said issuers of airport bonds are seeking to take advantage of low interest rates and are bringing deals, especially to meet new security regulations in the wake of the September 11, 2002, terrorist attacks. Three Florida airports will also benefit from the sale of about 25 million dollar of revenue bonds by the Capital Trust Agency that will be used to build air cargo facilities. Revenue from the bonds sold by the Capital Trust Agency will be used to build air cargo facilities at Fort Lauderdale-Hollywood International Airport, Orlando International Airport, and Southwest Florida International Airport in Fort Myers.
ACCESSION #
9860029

 

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