Published on 2/3/2016 in the Prospect News Municipals Daily.
New Issue: Nassau County, N.Y., sells $120.14 million general improvement bonds
By Sheri Kasprzak
New York, Feb. 3 – Nassau County, N.Y., sold $120.14 million of series 2016B general improvement bonds, according to a pricing sheet.
The bonds (A2) were sold competitively with Barclays winning the bid at a 2.449% true interest cost.
The bonds are due 2017 to 2030 with 5% coupons and yields from 0.73% to 2.63%.
Proceeds will be used to finance capital improvements for the county.
Issuer: | Nassau County, N.Y.
|
Issue: | Series 2016B general improvement bonds
|
Amount: | $120.14 million
|
Type: | Competitive
|
Underwriter: | Barclays (winner)
|
True interest cost: | 2.449%
|
Rating: | Moody’s: A2
|
Pricing date: | Feb. 2
|
Settlement date: | Feb. 9
|
|
Amount | Maturity | Type | Coupon | Price | Yield
|
$5,735,000 | 2017 | Serial | 5% | 106.966 | 0.73%
|
$6.01 million | 2018 | Serial | 5% | 110.52 | 0.96%
|
$6,315,000 | 2019 | Serial | 5% | 113.816 | 1.12%
|
$7,185,000 | 2020 | Serial | 5% | 116.572 | 1.31%
|
$7,545,000 | 2021 | Serial | 5% | 118.992 | 1.48%
|
$7.92 million | 2022 | Serial | 5% | 120.788 | 1.68%
|
$8.32 million | 2023 | Serial | 5% | 122.037 | 1.89%
|
$8,735,000 | 2024 | Serial | 5% | 122.813 | 2.10%
|
$9.17 million | 2025 | Serial | 5% | 124.013 | 2.22%
|
$9.63 million | 2026 | Serial | 5% | 125.039 | 2.33%
|
$10.11 million | 2027 | Serial | 5% | 124.186 | 2.41%
|
$10,615,000 | 2028 | Serial | 5% | 123.234 | 2.50%
|
$11.15 million | 2029 | Serial | 5% | 122.5 | 2.57%
|
$11.7 million | 2030 | Serial | 5% | 121.876 | 2.63%
|
|
|
© 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.