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Published on 4/8/2009 in the Prospect News Municipals Daily.

New Issue: Nassau County, N.Y., sells $303 million tax secured bonds

By Aaron Hochman-Zimmerman

New York, April 8 - Nassau County Interim Finance Authority in New York priced $303 million series 2009 sales tax secured bonds (Aa2/AAA/AA+), according to general counsel Jeremy Wise.

Goldman, Sachs & Co. acted as the lead underwriter for the negotiated bonds due 2009 to 2025.

Other details of the offering were not immediately available.

Proceeds will be used for capital expenditures.

The Nassau County Interim Finance Authority is located in Mineola, N.Y.

Issuer:Nassau County Interim Finance Authority
Issue:Series 2009 sales tax secured bonds
Amount:$303 million
Maturities:2009 to 2025
Type:Negotiated
Underwriter:Goldman, Sachs & Co.
Pricing date:April 8
Ratings:Moody's: Aa2
Standard & Poor's: AAA
Fitch: AA+

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