Published on 6/5/2014 in the Prospect News Municipals Daily.
New Issue: Clark County, Nev., prices $103.37 million airport system notes
By Sheri Kasprzak
New York, June 5 – Clark County, Nev., sold $103,365,000 of series 2014B airport system subordinate-lien revenue notes, said a pricing sheet.
The notes (A2/A/) were sold through senior manager Citigroup Global Markets Inc.
The notes are due July 1, 2018 and have a 5% coupon priced at 115.051 to yield 1.14%.
Proceeds will be used to finance capital improvements at the McCarran International Airport.
Issuer: | Clark County, Nev.
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Issue: | Series 2014B airport system subordinate-lien revenue notes
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Amount: | $103,365,000
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Maturity: | July 1, 2018
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Coupon: | 5%
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Price: | 115.051
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Yield: | 1.14%
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Type: | Negotiated
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Underwriters: | Citigroup Global Markets Inc. (lead), BofA Merrill Lynch, RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers)
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Ratings: | Moody’s: A2
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| Standard & Poor’s: A
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Pricing date: | June 5
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Settlement date: | July 1
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