By Sheri Kasprzak
New York, July 29 - Clark County in Nevada sold on Thursday $226.31 million of series 2010 sales and excise tax revenue bonds, said a pricing sheet.
The bonds (Aa2/AA/) were sold competitively. Calls to the issuer for the winning bidder were not returned by press time.
The sale included $94.835 million of series 2010B refunding and improvement bonds and $131.475 million of series 2010C Build America Bonds.
The 2010B bonds are due 2011 to 2020 with coupons from 3% to 5%.
The 2010C bonds are due 2021 to 2030 with 5.1% to 6.15% coupons, all priced at par.
Proceeds will be used to refund commercial paper notes and fund air quality improvements for the Regional Transportation Commission of Southern Nevada.
| Issuer: | Clark County
|
| Issue: | Series 2010 sales and excise tax revenue bonds
|
| Amount: | $226.31 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 11
|
|
|
| Series 2010B
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 3% | 102.349
|
| 2012 | Serial | 4% | 106.142
|
| 2013 | Serial | 4% | 108.49
|
| 2014 | Serial | 5% | 114.067
|
| 2015 | Serial | 3% | 105.686
|
| 2016 | Serial | 5% | 115.264
|
| 2017 | Serial | 3% | 102.125
|
| 2018 | Serial | 4% | 107.777
|
| 2019 | Serial | 5% | 115.247
|
| 2020 | Serial | 5% | 114.696
|
|
|
| Series 2010C
|
| Maturity | Type | Coupon | Price
|
| 2021 | Serial | 5.1% | 100
|
| 2022 | Serial | 5.3% | 100
|
| 2023 | Serial | 5.5% | 100
|
| 2024 | Serial | 5.6% | 100
|
| 2025 | Serial | 5.7% | 100
|
| 2026 | Serial | 5.8% | 100
|
| 2027 | Serial | 5.9% | 100
|
| 2028 | Serial | 6% | 100
|
| 2029 | Serial | 6.05% | 100
|
| 2030 | Serial | 6.15% | 100
|
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