Nassau County, N.Y., to sell $220 million revenue anticipation notes

By Sheri Kasprzak

New York, June 4 - Nassau County, N.Y., is prepared to come to market with $220 million of series 2012 revenue anticipation notes, according to a preliminary official statement.

The deal includes $160 million of series 2012A notes and $60 million of series 2012B notes.

The 2012A notes are due March 29, 2013, and the 2012B notes are due April 30, 2013.

The notes (/SP-1+/F1+) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager and J.P. Morgan Securities LLC and Ramirez & Co. Inc. as the co-managers.

Proceeds will be used to finance capital requirements for the county ahead of the collection of certain revenues.

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