Published on 10/3/2012 in the Prospect News Municipals Daily.
New Issue: Erie County Fiscal Stability, N.Y., sells $74.74 million of BANs
By Sheri Kasprzak
New York, Oct. 3 - The Erie County Fiscal Stability Authority of New York priced $74,735,000 of series 2012A bond anticipation notes, according to a pricing sheet.
The notes (MIG 1) were sold through Roosevelt & Cross Inc. and Lebenthal & Co. Inc.
The notes are due July 2013 with a 1% coupon to yield 0.26%.
Proceeds will be used to finance capital expenditures for the authority.
| Issuer: | Erie County Fiscal Stability Authority
|
| Issue: | Series 2012A bond anticipation notes
|
| Amount: | $74,735,000
|
| Maturity: | July 31, 2013
|
| Coupon: | 1%
|
| Yield: | 0.26%
|
| Type: | Negotiated
|
| Underwriters: | Roosevelt & Cross Inc. and Lebenthal & Co. Inc. (lead)
|
| Ratings: | Moody's: MIG 1
|
| Pricing date: | Oct. 2
|
| Settlement date: | Oct. 11
|
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