New Issue: Clark County, Nev., prices $271.67 million of general obligation bonds

By Sheri Kasprzak

New York, July 25 – Clark County, Nev., sold $271.67 million of series 2016B general obligation bank bonds, said a pricing sheet.

The bonds (Aa1/AA) were sold competitively. J.P. Morgan Securities LLC won the bid.

The bonds are due 2017 to 2032 with a term bond due in 2034. The serial coupons range from 4% to 5% with yields from 0.64% to 2.37%. The 2034 bonds have a 4% coupon priced at 113.77 to yield 2.47%.

Proceeds will be used to finance countywide capital projects.

Issuer:	Clark County, Nev.
Issue:	Series 2016B general obligation bond bank bonds
Amount:	$271.67 million
Type:	Competitive
Underwriter:	J.P. Morgan Securities LLC (winner)
Ratings:	Moody’s: Aa1
	S&P: AA
Pricing date:	July 13
Settlement date:	Aug. 3
Amount	Maturity	Type	Coupon	Price	Yield
$3,785,000	2017	Serial	5%	105.394	0.64%
$3,965,000	2018	Serial	5%	109.487	0.73%
$4.16 million	2019	Serial	5%	113.354	0.82%
$4.37 million	2020	Serial	5%	116.762	0.96%
$4.59 million	2021	Serial	5%	119.763	1.11%
$16.14 million	2022	Serial	5%	122.322	1.27%
$16,935,000	2023	Serial	5%	124.56	1.42%
$17,765,000	2024	Serial	5%	126.69	1.54%
$18,635,000	2025	Serial	5%	128.709	1.64%
$35.66 million	2026	Serial	5%	130.794	1.71%
$37,435,000	2027	Serial	5%	129.812	1.80%
$27.87 million	2028	Serial	5%	129.378	1.84%
$14,525,000	2029	Serial	5%	128.839	1.89%
$15.27 million	2030	Serial	5%	128.516	1.92%
$15.97 million	2031	Serial	5%	115.237	2.32%
$16,625,000	2032	Serial	4%	114.745	2.37%
$17.97 million	2034	Term	4%	113.77	2.47%

© 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.