Western Nassau Water Authority, N.Y., to sell $72.57 million bonds

By Sheri Kasprzak

New York, April 13 – The Water Authority of Western Nassau County, N.Y., is on tap to price $72.57 million of series 2015 water system revenue bonds on Tuesday, according to a preliminary official statement.

The deal includes $53.17 million of series 2015A revenue bonds and $19.4 million of series 2015B refunding bonds.

The bonds (A1//AA-) will be sold on a negotiated basis with BofA Merrill Lynch as the underwriter.

The maturities have not been set.

Proceeds will be used to construct and acquire improvements to the water system, as well as to refund the authority’s series 2005 water system revenue bonds.

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