Nassau County, N.Y., to price $180 million G.O., refunding bonds

By Cristal Cody

Springdale, Ark., June 19 - Nassau County, N.Y., intends to price $180 million general obligation and refunding bonds, according to a preliminary official statement.

The sale includes $140 million series 2008C general obligation bonds and $40 million series 2008D general obligation refunding bonds.

The bonds (A2/A+/A+) will be sold in a negotiated sale with J.P. Morgan Securities Inc. as senior manager.

Co-managers are Merrill Lynch & Co., Banc of America Securities LLC, Loop Capital Markets LLC, Piper Jaffray & Co. and Ramirez & Co.

Proceeds will be used to fund capital projects, judgments and settlements and to refund certain maturities from the series 1996W, 1997X, 1997V, 1997W, 1997Y, 1998A, 1998B, 1998Y, 1998Z, 1999C and 1999D bonds.

The maturities carry coupons from 4.75% to 5.5%.

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