Published on 7/18/2012 in the Prospect News Municipals Daily.
New Issue: Clark County, Nev., prices $49.45 million of local improvement bonds
By Sheri Kasprzak
New York, July 18 - Clark County, Nev., priced $49,445,000 of series 2012 special improvement district No. 142 local improvement refunding bonds, according to a pricing sheet. The offering was downsized from $51.5 million.
The bonds (/BBB-/) were sold through Stone & Youngberg.
The bonds are due 2013 to 2023 with 2% to 5% coupons.
Proceeds will be used to refund and redeem all of the county's outstanding series 2003 local improvement bonds.
| Issuer: | Clark County, Nev.
|
| Issue: | Series 2012 special improvement district No. 142 local improvement refunding bonds
|
| Amount: | $49,445,000
|
| Type: | Negotiated
|
| Underwriters: | Stone & Youngberg (lead)
|
| Ratings: | Standard & Poor's: BBB-
|
| Pricing date: | July 18
|
| Settlement date: | Aug. 1
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.78 million | 2013 | Serial | 2% | 100.494
|
| $3.86 million | 2014 | Serial | 3% | 101.704
|
| $3.97 million | 2015 | Serial | 3% | 100.715
|
| $4.09 million | 2016 | Serial | 3% | 100
|
| $4,215,000 | 2017 | Serial | 4% | 103.435
|
| $4,385,000 | 2018 | Serial | 4% | 102.684
|
| $4,565,000 | 2019 | Serial | 5% | 107.952
|
| $4,785,000 | 2020 | Serial | 5% | 107.925
|
| $5,025,000 | 2021 | Serial | 5% | 107.417
|
| $5,285,000 | 2022 | Serial | 4% | 98.621
|
| $5,485,000 | 2023 | Serial | 4% | 97.907
|
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