By Sheri Kasprzak
New York, May 25 - Nassau County, N.Y., priced Wednesday $230 million of series 2011 general obligation revenue anticipation notes, said a pricing sheet.
The offering included $155 million of series 2011A notes and $75 million of series 2011B notes.
The 2011A notes are due March 30, 2012. Of the total, $35 million have a 2% coupon priced at 101.97 and $120 million have a 3% coupon priced at 101.785.
The 2011B notes are due April 30, 2012 and have a 3.5% coupon priced at 102.442.
The notes (/SP-1+/F1+) were sold competitively. Calls to the issuer for the winning bidder were not returned by press time.
Proceeds will be used to fund capital requirements ahead of the collection of net allocable sales tax.
The county seat is Mineola, N.Y.
| Issuer: | Nassau County, N.Y.
|
| Issue: | Series 2011 general obligation revenue anticipation notes
|
| Amount: | $230 million
|
| Type: | Competitive
|
| Ratings: | Standard & Poor's: SP-1+
|
| Fitch: F1+
|
| Pricing date: | May 25
|
| Settlement date: | June 2
|
|
|
| $155 million series 2011A notes
|
| Amount | Maturity | Type | Coupon | Price
|
| $120 million | March 30, 2012 | Term | 3% | 101.785
|
| $35 million | March 30, 2012 | Term | 2% | 101.97
|
|
|
| $75 million series 2011B notes
|
| Maturity | Type | Coupon | Price
|
| April 30, 2012 | Term | 3.5% | 102.442
|
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