Nassau County, N.Y., to sell $105 million in G.O. bonds on April 27

By Sheri Kasprzak

New York, April 21 - Nassau County in New York is expected to bring $105 million in series 2009 general obligation bonds April 27, according to a calendar of upcoming sales and a preliminary official statement.

The bonds (A2/A+/A+) will be sold on a competitive basis with Public Financial Management Inc. as the financial adviser.

The sale includes $90 million in series 2009A general improvement bonds and $15 million in series 2009B sewer and storm water resources district bonds.

The series A bonds are due May 1, 2011 to May 1, 2029 and the series B bonds are due May 1, 2011 to May 1, 2034.

The proceeds will be used to refinance a portion of the county's outstanding bond anticipation notes.

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