“The County successfully marketed $152.4 million of Bonds and $185.5 million of Bond Anticipation Notes yesterday (February 21, 2013) at very low rates. The offerings were oversubscribed which underscore the stable financial condition of the County and its A+ Investment Rating,” Comptroller Maragos said.
The favorable pricing and overwhelming demand for the County securities highlights the market’s confidence in Nassau County. These funds will go directly to assisting the County in accelerating the recovery from Hurricane Sandy. We expect that eventually the County will be reimbursed for most of these expenses from the Federal and State Government.”
Nassau County Comptroller Maragos Online: