By Sheri Kasprzak
New York, Sept. 5 – The Erie County Fiscal Stability Authority of New York sold $109.19 million of series 2014A bond anticipation notes, said an official statement.
The notes (MIG 1//F1+) were sold through Roosevelt & Cross Inc. and Ramirez & Co. Inc.
The notes are due July 31, 2015 and have a 1.25% coupon to yield 0.16%.
Proceeds will be used to finance cash flow needs for the county in the coming fiscal year.
| Issuer: | Erie County Fiscal Stability Authority
|
| Issue: | Series 2014A bond anticipation notes
|
| Amount: | $109.19 million
|
| Maturity: | July 31, 2015
|
| Coupon: | 1.25%
|
| Yield: | 0.16%
|
| Type: | Negotiated
|
| Underwriters: | Roosevelt & Cross Inc. and Ramirez & Co. Inc.
|
| Ratings: | Moody’s: MIG 1
|
| Fitch: F1+
|
| Pricing date: | Sept. 3
|
| Settlement date: | Sept. 18
|
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