Clark County, Nev., organizes $100 million highway revenue bond sale

By Sheri Kasprzak

New York, March 3 - Clark County, Nev., is set to price $100 million of series 2014A indexed fuel tax and subordinate motor vehicle fuel tax highway revenue bonds, according to a preliminary official statement.

The bonds (A1/A+/) will be sold on a negotiated basis with RBC Capital Markets LLC and BofA Merrill Lynch as the senior managers.

The maturities have not been set.

Proceeds will be used to provide funds to the Regional Transportation Commission of Southern Nevada to finance the costs of constructing certain major streets and highways in the county.

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