By Sheri Kasprzak
New York, June 19 – Nassau County, N.Y., priced $314,325,000 of series 2014 general obligation notes, said a pricing sheet.
The offering included $114,425,000 of series 2014A bond anticipation notes, $130 million of series 2014A revenue anticipation notes and $69.9 million of series 2014B revenue anticipation notes.
The notes (/SP-1+/F1+) were sold through J.P. Morgan Securities LLC and BofA Merrill Lynch.
The 2014A BANs are due Feb. 2, 2015 and have a 2% coupon priced at 100.993 to yield 0.4%.
The 2014A RANs are due March 16, 2015 and have a 2% coupon priced at 101.15 to yield 0.45%. The 2014B RANs are due April 15, 2015 and have a 2% coupon priced at 101.274 to yield 0.45%.
Proceeds will be used to finance countywide capital projects.
| Issuer: | Nassau County, N.Y.
|
| Issue: | Series 2014 general obligation notes
|
| Amount: | $314,325,000
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC and BofA Merrill Lynch (lead)
|
| Ratings: | Standard & Poor’s: SP-1+
|
| Fitch: F1+
|
| Pricing date: | June 19
|
| Settlement date: | June 18
|
|
|
| $114,425,000 series 2014A bond anticipation notes
|
| Maturity | Type | Coupon | Price | Yield
|
| Feb. 2, 2015 | Term | 2% | 100.993 | 0.4%
|
|
|
| $130 million series 2014A revenue anticipation notes
|
| Maturity | Type | Coupon | Price | Yield
|
| March 16, 2015 | Term | 2% | 101.15 | 0.45%
|
|
|
| $69.9 million series 2014B revenue anticipation notes
|
| Maturity | Type | Coupon | Price | Yield
|
| April 15, 2015 | Term | 2% | 101.274 | 0.45%
|
|
|
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