Port of Miami Sells $1.4 Billion in Municipal Bonds

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You've heard of Miami Vice, but how about a Miami slice...of the city's port debt.

On Tuesday, Miami-Dade County announced the sale of $1.4 billion in bonds backed by revenue from the Port Of Miami. The offering is designed to entice investors seeking local government debt linked with industries tightly anchored to the U.S. economic recovery, like cargo and cruises.

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Source Fool.com