Miami Beach Wastes No Time in Implementing G.O. Bond Projects
On the heels of a successful trip to Wall Street last month, selling the first tranche of general obligation (G.O.) bonds for a better rate than estimated, the City of Miami Beach will celebrate the launch of its $439 million G.O. Bond Program on Friday, May 10 at 2 p.m. Join the Mayor & Commission at Meridian Avenue…
Read MoreOn Your Mark, Get Set, G.O.! Miami Beach Bonds Hit the Wall Street Market!
The first tranche of Miami Beach General Obligation Bonds successfully hit the market today. City Manager Jimmy L. Morales and CFO John Woodruff travelled to New York City to personally oversee the bond pricing and sale process on Wall Street…
Read MoreAA+ and Aa2 G.O. Bond Credit Ratings
The purpose of this LTC is to advise you of the credit ratings assigned by Standard & Poors (S&P) and Moody’ s to the City’ s 2019 general obligation bonds and outstanding prior G. O. bonds. I would like to underscore that both S&P and Moody’s have recently incorporated risks from climate change and severe weather events into their credit rating analysis. Read the…
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