Nassau County Interim Finance Authority in New York plans to price $729.3 million variable-rate bonds

By Cristal Cody

Springdale, Ark., May 9 - The Nassau County Interim Finance Authority in New York plans to price $729.3 million of variable-rate refunding bonds, the issuer said Friday.

The $605.055 million series 2008A-E sales tax secured bonds (Aa2/VMIG 1) will price with an initially weekly rate on May 30, said Evan Cohen, executive director.

The $124.245 million of series 2008F variable rate bonds will price on May 15, he said.

Proceeds of the bonds will refund $450 million of series 2004B-G and $150 million of series 2004I-K sales tax secured refunding auction rate securities.

Goldman, Sachs & Co. is the senior manager of the negotiated sale.

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