Clark County, Nev., redeems $50 million bonds for Southwest Gas

By Cristal Cody

Tupelo, Miss., Sept. 29 - Clark County in Nevada on Monday redeemed the $50 million outstanding in the series 2003B variable-rate bonds for Southwest Gas Corp. because of their failed auction-rate status, according to a filing with the Securities and Exchange Commission.

The industrial development revenue bonds originally were due in 2038.

Clark County redeemed the bonds with the proceeds from the Sept. 24 sale of $50 million in series 2008A variable-rate industrial development revenue bonds for Southwest Gas.

The series 2008A bonds priced at par and are due in 2038.

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