By Sheri Kasprzak
New York, April 26 - Nassau County, N.Y., came to market with $241,665,000 of series 2012 general improvement bonds and taxable bond anticipation notes, according to pricing sheets.
The deal included $207,065,000 of series 2012 general improvement bonds and $34.6 million of series 2012 taxable bond anticipation notes.
The bonds (A1/A+/A+) were sold competitively with Bank of America Merrill Lynch winning the bid.
The bonds are due April 1, 2034, and have a 4% coupon priced at 98.56.
The notes were sold through senior manager Ramirez & Co. Inc.
The notes are due April 1, 2013, and have a 1.5% coupon priced at 100.453.
Proceeds will be used to finance capital improvements throughout the county, as well as operating expenses.
| Issuer: | Nassau County, N.Y.
|
| Issue: | Series 2012 general improvement bonds and taxable bond anticipation notes
|
| Amount: | $241,665,000
|
| Type: | Negotiated and Competitive
|
| Underwriters: | Bank of America Merrill Lynch (winner for bonds), Ramirez & Co. Inc. (underwriter for notes)
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Fitch: A+
|
| Pricing date: | April 25
|
| Settlement date: | May 2
|
|
|
| $207,065,000 series 2012 general improvement bonds
|
| Maturity | Type | Coupon | Price
|
| April 1, 2034 | Term | 4% | 98.56
|
|
|
| $34.6 million series 2012 bond anticipation notes
|
| Maturity | Type | Coupon | Price
|
| April 1, 2013 | Term | 1.5% | 100.453
|
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