Investors will have the opportunity to purchase the City of Miami Beach General Obligation bonds in minimum denominations of $5,000 on April 16, 20191. By purchasing the City’s General Obligation Bonds, you are joining a growing group of residents committed to investing in the future of the City of Miami Beach.
The City of Miami Beach is announcing a $152,075,0001 General Obligation Bond offering. The planned sale is to offer bonds to investors during an order period on the morning of Tuesday, April 16, 2019. 1
By investing in these tax free2 bonds you are helping to finance roads, public safety enhancements, recreational facilities, and other important infrastructure projects which will help meet our current and future needs for the City of Miami Beach.
- $152,075,0001 City of Miami Beach, Florida General Obligation and Refunding Bonds, Series 2019
- Backed by the full faith and credit of the City of Miami Beach
- Ratings from Moody’s and S&P are Aa2 and AA+, respectively
- Exempt from federal income taxes 2
- Available in minimum denominations of $5,000
Invest in the future of the City of Miami Beach today with tax free bonds2. Interest on the Series 2019 Bonds is excluded from gross income for federal income tax purposes and is not an item of tax preference for purposes of the federal alternative minimum tax. 2
Bonds cannot be purchased directly from the City of Miami Beach. For more information about these bonds, including a copy of the Preliminary Official Statement, please call any of the firms below. Orders may be placed through these financial services firms working with the City of Miami Beach.
|BofA Merrill Lynch||305.577.6900|
|PNC Capital Markets LLC||1.800.624.6450|
1 Preliminary, subject to change and availability.
2 Before purchasing bonds, you should consult with your tax advisor concerning your particular tax situation.
This announcement is not intended to be nor does it constitute an offer to sell or a solicitation of an offer to buy securities or effect a sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities herein are preliminarily described in the Preliminary Official Statement, a copy of which may be obtained from the underwriters listed above. Bonds may only be purchased through a broker and any offer or solicitations with respect to the bonds will be made solely by means of a Final Official Statement that describes the actual terms of such bonds. Transactions involving the bonds may not be suitable for all investors. You should consult with your advisors as to the suitability of the bonds for your particular circumstances.