County of Clinton, New York
Public Improvement Refunding (Serial)
Bonds, 2017

County Of Clinton New York

Invest in the County of Clinton while earning tax-exempt income! Proceeds will be used to refund existing debt for savings. The bonds below are offered through a competitive transaction and are subject to price changes and availability.


Issuance characteristics
  • Contains credit enhanced maturities
  • Refunding
  • Not callable
  • Federally tax exempt
  • General Obligation
  • Competitive sale

About this bond issuance

  • Purpose

    Bond proceeds will be used to refund the existing Public Improvement (Serial) Bonds, 2006 for savings. Please review the Official Statement for more details.

  • Obligor

    County of Clinton, New York

  • Issuer

    County of Clinton, New York

  • Authority

    The Bonds are being issued pursuant to the Constitution and statutes of the State of New York, including among others, the Local Finance Law, and a refunding bond resolution duly adopted by the County Legislature on February 1, 2017 (the "Refunding Bond Resolution"), authorizing the refunding of all or a portion of $16,300,000 of the outstanding $24,255,833 Public Improvement (Serial) Bonds, 2006. Please review the the Official Statement for more details.

  • Security

    The Bonds are general obligations of County of Clinton, New York and will contain a pledge of the faith and credit of the County for the payment of the principal thereof and interest thereon and, unless paid from other sources, the Bonds are payable from ad valorem taxes which may be levied upon all the taxable real property within the County, subject to applicable statutory limitation.

  • Trustee

    The County will act as Paying Agent for the Bonds.

  • Special attributes

    OPTIONAL REDEMPTION

    The Bonds maturing on or before July 15, 2024 will not be subject to redemption prior to maturity. The Bonds maturing on July 15, 2025 and thereafter, will be subject to redemption, at the option of the County, prior to maturity, in whole or in part, and if in part, in any order of their maturity and in any amount within a maturity (selected by lot within a maturity), on any date on or after July 15, 2024, at par plus accrued interest to the date of redemption.

    Notice of such call for redemption shall be given by mailing such notice to the registered owner at least thirty (30) days prior to the date set for such redemption. Notice of redemption having been given as aforesaid, the bonds so called for redemption shall, on the date for redemption set forth in such call for redemption, become due and payable together with interest to such redemption date. Interest shall cease to be paid thereon after such redemption date.

Ratings

Enhanced ratings

AA

S&P

A1

Moody's

Fitch

Financing team

Neighborly Securities
Neighborly is a co-manager on this issuance.
Municipal Advisors
Bond Counsel