Nassau County, N.Y., prepares to sell $230 million G.O. RANs

By Sheri Kasprzak

New York, May 20 - Nassau County, N.Y., plans to price $230 million of series 2011 general obligation revenue anticipation notes on Wednesday, according to a preliminary official statement.

The offering includes $155 million of series 2011A notes, which are due March 30, 2012, and $75 million of series 2011B notes, which are due April 30, 2012.

The notes (/SP-1+/F1+) will be sold on a competitive basis with Public Financial Management, Inc. as the financial adviser.

Proceeds will be used to fund capital requirements ahead of the collection of net allocable sales tax.

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