Published on 12/11/2015 in the Prospect News Municipals Daily.
New Issue: Erie County, N.Y., prices $89.56 million of revenue anticipation notes
By Sheri Kasprzak
New York, Dec. 11 – Erie County, N.Y., priced $89.56 million of series 2015 revenue anticipation notes, according to a pricing sheet.
The notes (/SP-1+/) were sold competitively with TD Securities (USA) LLC winning the bid.
The notes are due June 30, 2016 and have a 1.5% coupon to yield 0.44%.
Proceeds will be used to finance capital expenditures ahead of state and federal government revenues.
| Issuer: | Erie County, N.Y.
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| Issue: | Series 2015 revenue anticipation notes
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| Amount: | $89.56 million
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| Maturity: | June 30, 2016
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| Coupon: | 1.5%
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| Yield: | 0.44%
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| Type: | Competitive
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| Underwriter: | TD Securities (USA) LLC (winner)
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| Rating: | Standard & Poor’s: SP-1+
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| Pricing date: | Dec. 8
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| Settlement date: | Dec. 14
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