By Aaron Hochman-Zimmerman
New York, June 10 - Clark County, Nev., priced $210 million in transportation and flood control Build America Bonds (Aa1) on Tuesday, according to Tom Wilson of the Clark County comptroller's office.
The $60 million series 2009A transportation bonds priced with a true interest cost of 4.5% and carry maturities from 2009 to 2039.
The $150 million series 2009B flood control bonds priced with a true interest cost of 4.1% and carry maturities from 2009 to 2029.
Merrill Lynch & Co. acted as underwriter for the negotiated bonds.
Proceeds will be used to refund series 1998 bonds.
| Issuer: | Clark County, Nev.
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| Total amount: | $210 million
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| Underwriter: | Merrill Lynch & Co.
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| Type: | Negotiated
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| Pricing date: | June 10
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| Rating: | Moody's: Aa1
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|
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| Series 2009A
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| Issue: | Series 2009A transportation Build America Bonds
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| Amount: | $60 million
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| Maturities: | 2009 to 2039
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| True interest cost: | 4.5%
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|
|
| Series 2009B
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| Issue: | Series 2009B flood control Build America Bonds
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| Amount: | $150 million
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| Maturity: | 2009 to 2029
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| True interest cost: | 4.1%
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