Nassau County, N.Y., to price $125 million BANs

By Sheri Kasprzak

New York, Dec. 9 - Nassau County in New York is planning to price $125 million in series 2008 bond anticipation notes, according to a preliminary official statement released Tuesday.

The notes will be sold on a negotiated basis with Merrill Lynch & Co. as the lead manager. The co-managers are Citigroup Global Markets, Loop Capital Markets, Depfa First Albany Securities, Rice Financial Products and Roosevelt & Cross.

The notes are due Oct. 15, 2009.

Proceeds will be used for general county expenses ahead of a bond sale planned for 2009.

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