By Sheri Kasprzak
New York, Sept. 28 - The Erie County Fiscal Stability Authority of New York priced $87.405 million of series 2011A bond anticipation notes, according to a pricing sheet.
The notes (MIG 1/F1+) were sold through senior manager Roosevelt & Cross Inc.
The notes are due July 31, 2012 and have a 1.5% coupon to yield 0.35%.
Proceeds will be used to purchase revenue anticipation notes of the county in order to provide for the cash flow needs of the county.
| Issuer: | Erie County Fiscal Stability Authority
|
| Issue: | Series 2011A bond anticipation notes
|
| Amount: | $87.405 million
|
| Maturity: | July 31, 2012
|
| Coupon: | 1.5%
|
| Yield: | 0.35%
|
| Type: | Negotiated
|
| Underwriter: | Roosevelt & Cross Inc.
|
| Ratings: | Moody's: MIG 1
|
| Fitch: F1+
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 6
|
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