Miami-Dade to issue almost $1 billion water-sewer bonds in vast revamp
Written by Miami Today on November 28, 2017
Miami-Dade is to issue almost $1 billion in water and sewer bonds within a week, Fitch Ratings reported, as it rolls through a $13.5 billion full system revamp.
Issued will be $373.7 million in A bonds and $528 million in B bonds. The A proceeds will pay off outstanding tax-exempt water and sewer system commercial paper notes and make a deposit to reserves. The B bonds will pay off part of the outstanding 2010 bonds…To read the full story click here