By Sheri Kasprzak
New York, May 25 - Nassau County, N.Y., brought to market $82.045 million of series 2011A general improvement general obligation bonds, said a pricing sheet.
The bonds (A1/A+/AA-) were sold competitively on Wednesday, but calls to the issuer for the winning bidder were not returned by press time.
The bonds are due 2012 to 2031 with term bonds due in 2033 and 2036. The serial coupons range from 2% to 5%. The 2033 bonds have a 5% coupon priced at par, and the 2036 bonds have a 5% coupon priced at 99.289.
Proceeds will be used to fund capital projects, judgments and settlements.
| Issuer: | Nassau County, N.Y.
|
| Issue: | Series 2011A general improvement general obligation bonds
|
| Amount: | $82.045 million
|
| Type: | Competitive
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Fitch: AA-
|
| Pricing date: | May 25
|
| Settlement date: | June 2
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $255,000 | 2012 | Serial | 2% | NRO
|
| $1.905 million | 2013 | Serial | 2% | NRO
|
| $2.04 million | 2014 | Serial | 5% | NRO
|
| $2.1 million | 2015 | Serial | 5% | 111.398
|
| $2.185 million | 2016 | Serial | 2% | NRO
|
| $2.495 million | 2017 | Serial | 5% | 113.773
|
| $2.595 million | 2018 | Serial | 5% | 113.587
|
| $2.72 million | 2019 | Serial | 5% | 112.745
|
| $2.855 million | 2020 | Serial | 5% | NRO
|
| $3 million | 2021 | Serial | 5% | NRO
|
| $2.755 million | 2022 | Serial | 5% | 107.383
|
| $2.9 million | 2023 | Serial | 5% | 106.134
|
| $3.045 million | 2024 | Serial | 4% | 99.005
|
| $3.2 million | 2025 | Serial | 4.125% | 99.214
|
| $3.365 million | 2026 | Serial | 4.25% | 99.45
|
| $3.535 million | 2027 | Serial | 4.375% | 99.711
|
| $3.72 million | 2028 | Serial | 4.5% | 100
|
| $3.91 million | 2029 | Serial | 4.5% | 98.786
|
| $4.11 million | 2030 | Serial | 5% | 102.73
|
| $4.32 million | 2031 | Serial | 5% | 102.017
|
| $9.29 million | 2033 | Term | 5% | 100
|
| $15.745 million | 2036 | Term | 5% | 99.289
|
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