Nassau County, N.Y., to sell $141.73 million G.O. bonds on Aug. 24

By Cristal Cody

Tupelo, Miss., Aug. 2 - The County of Nassau in New York intends to sell $141.725 million in general obligation bonds (Aa3/A+/AA-), according to a preliminary official statement.

The offering includes $126.62 million in series 2010C bonds with serial maturities from 2012 through 2026 and $15.105 million in series 2010D Build America Bonds with serial maturities due in 2026 and 2027.

The bonds will price via a competitive sale on Aug. 24, according to a notice of sale.

Public Financial Management, Inc. is the financial adviser.

Proceeds will be used to fund various public purposes, including payments to county employees, capital projects and judgments and settlements.

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