Nassau County, N.Y., plans to price $110 million RANs

By Cristal Cody

Springdale, Ark., June 6 - Nassau County, N.Y., intends to price $110 million general obligation revenue anticipation notes in a competitive sale on Wednesday, according to a preliminary official statement released Friday.

The $60 million series 2008A bonds are due April 15, 2009.

The $50 million series 2008B notes are due May 15, 2009.

Public Financial Management is the county's financial adviser.

Proceeds on the notes (MIG1/SP-1+/F-1+) will be used to meet a probable cash flow deficit.

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