Published on 1/27/2016 in the Prospect News Municipals Daily.
New Issue: Nassau County, N.Y., brings $273 million of general improvement bonds
By Sheri Kasprzak
New York, Jan. 27 – Nassau County, N.Y., priced $273 million of series 2016A general improvement refunding bonds, according to a pricing sheet.
The bonds (A2) were sold through Ramirez & Co. Inc. and BofA Merrill Lynch.
The bonds are due 2017 to 2039 with 2.5% to 5% coupons.
Proceeds will be used to refund the county’s series 2008A, 2008C, 2009A and 2009C general improvement bonds.
| Issuer: | Nassau County, N.Y.
|
| Issue: | Series 2016A general improvement refunding bonds
|
| Amount: | $273 million
|
| Type: | Negotiated
|
| Underwriters: | Ramirez & Co. Inc. and BofA Merrill Lynch (lead)
|
| Rating: | Moody’s: A2
|
| Pricing date: | Jan. 26
|
| Settlement date: | Feb. 9
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $10,000 | 2017 | Serial | 2.5% | 101.737
|
| $10,000 | 2018 | Serial | 3% | 104.07
|
| $15,405,000 | 2019 | Serial | 5% | 111.292
|
| $24,665,000 | 2020 | Serial | 5% | 114.374
|
| $25.81 million | 2021 | Serial | 5% | 117.126
|
| $27.08 million | 2022 | Serial | 5% | 119.361
|
| $16,075,000 | 2023 | Serial | 5% | 121.02
|
| $16,895,000 | 2024 | Serial | 5% | 122.051
|
| $17,735,000 | 2025 | Serial | 5% | 122.868
|
| $18.64 million | 2026 | Serial | 5% | 123.57
|
| $19.58 million | 2027 | Serial | 5% | 122.282
|
| $17,505,000 | 2028 | Serial | 5% | 121.498
|
| $9.95 million | 2029 | Serial | 5% | 120.623
|
| $5.43 million | 2030 | Serial | 5% | 119.755
|
| $5.71 million | 2031 | Serial | 5% | 118.99
|
| $6.01 million | 2032 | Serial | 5% | 118.325
|
| $3.34 million | 2033 | Serial | 3.25% | 99.74
|
| $2.98 million | 2033 | Serial | 5% | 117.853
|
| $6,635,000 | 2034 | Serial | 5% | 117.383
|
| $2.91 million | 2035 | Serial | 3.375% | 99.513
|
| $4,065,000 | 2035 | Serial | 5% | 128.515
|
| $3.95 million | 2036 | Serial | 3.4% | 98.714
|
| $4,065,000 | 2036 | Serial | 5% | 116.451
|
| $7.71 million | 2037 | Serial | 3.5% | 98.827
|
| $8.11 million | 2038 | Serial | 5% | 115.526
|
| $3,405,000 | 2039 | Serial | 5% | 115.068
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
