Published on 2/21/2013 in the Prospect News Municipals Daily.
New Issue: Nassau County, N.Y., sells $339.43 million G.O. bonds and BANs
By Sheri Kasprzak
New York, Feb. 21 - Nassau County, N.Y., priced $339.43 million of series 2013 general obligation general improvement bonds and bond anticipation notes, according to a pricing sheet.
The deal included $152.43 million of series 2013A G.O. general improvement bonds (A2/A+/A+) and $187 million of series 2013A bond anticipation notes (/SP-1+/F1).
The 2013A G.O.s are due 2014 to 2028 with term bonds due in 2033, 2038 and 2043. The serial coupons range from 3% to 5%. The 2033 bonds have a 4% coupon priced at 104.656, and the 2038 bonds have a 4% coupon priced at 102.295. The 2043 bonds have a 4% coupon priced at 101.522.
The 2013A notes are due Feb. 5, 2014 and have a 2% coupon priced at 101.493.
Proceeds will be used to finance county improvements and other county projects.
| Issuer: | Nassau County, N.Y.
|
| Issue: | Series 2013 general obligation general improvement bonds and bond anticipation notes
|
| Amount: | $339.43 million
|
| Type: | Competitive
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A+/SP-1+
|
| Fitch: A+/F1
|
| Pricing date: | Feb. 21
|
| Settlement date: | Feb. 28
|
|
|
| $152.43 million series 2013A G.O. general improvement bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $2.24 million | 2014 | Serial | 3% | 102.718
|
| $2.31 million | 2015 | Serial | 3% | 104.745
|
| $2,395,000 | 2016 | Serial | 4% | 109.238
|
| $2,915,000 | 2017 | Serial | 4% | 111.315
|
| $3.05 million | 2018 | Serial | 5% | 117.094
|
| $3,205,000 | 2019 | Serial | 5% | 118.573
|
| $3.37 million | 2020 | Serial | 5% | 119.158
|
| $3,545,000 | 2021 | Serial | 5% | 119.584
|
| $3,725,000 | 2022 | Serial | 5% | 119.587
|
| $3,895,000 | 2023 | Serial | 4% | 109.992
|
| $4,055,000 | 2024 | Serial | 4% | 108.9
|
| $4.22 million | 2025 | Serial | 4% | 108.234
|
| $4,395,000 | 2026 | Serial | 4% | 107.491
|
| $4.57 million | 2027 | Serial | 4% | 106.835
|
| $4.76 million | 2028 | Serial | 4% | 106.265
|
| $26,875,000 | 2033 | Term | 4% | 104.656
|
| $32.82 million | 2038 | Term | 4% | 102.295
|
| $40,085,000 | 2043 | Term | 4% | 101.522
|
|
|
| $187 million series 2013A bond anticipation notes
|
| Maturity | Type | Coupon | Price
|
| Feb. 5, 2014 | Term | 2% | 101.493
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
