Nassau County, N.Y., coordinates $85.98 million bond and note offering

By Sheri Kasprzak

New York, Jan. 16 – Nassau County, N.Y., is expected to price $85,975,000 of series 2015 bonds and notes, according to a preliminary official statement. Pricing is set for Jan. 29.

The deal includes $33.14 million of series 2015A general improvement bonds (A2/A+/A) and $25.67 million of series 2015A bond anticipation notes and $27,165,000 of series 2015B BANs (/SP-1+/F1).

The note offering will be conducted on a negotiated basis with J.P. Morgan Securities LLC as the underwriter. The bonds will be sold competitively with Public Financial Management Inc. as the financial adviser.

The 2015A bonds are due 2015 to 2033.

The 2015A notes are due June 15, 2015 and the 2015B notes are due June 15, 2016.

Proceeds will be used to finance capital expenditures for the county.

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