Nassau County, N.Y., coordinates $315 million offering of G.O. notes

By Sheri Kasprzak

New York, June 6 – Nassau County, N.Y., is set to price $315 million of series 2014 general obligation notes, said a preliminary official statement.

The offering includes $115 million of series 2014A bond anticipation notes, $130 million of series 2014A revenue anticipation notes and $70 million of series 2014B revenue anticipation notes.

The notes (/SP-1+/F1+) will be sold on a negotiated basis with J.P. Morgan Securities LLC and BofA Merrill Lynch as the lead managers.

The 2014A BANs are due Feb. 2, 2015. The 2014A RANs are due March 16, 2015. The 2014B RANs are due April 15, 2015.

Proceeds will be used to finance countywide capital projects.

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