New Issue: Berkeley, Calif., prices $50 million of TRANs at 0.268% TIC

By Sheri Kasprzak

New York, June 14 - The City of Berkeley, Calif., priced on Tuesday $50 million of series 2011-12 tax and revenue anticipation notes, said a pricing sheet.

The notes (MIG 1) were sold competitively with Wells Fargo Bank, NA winning the bid. The true interest cost came in at 0.268189%.

The notes are due July 5, 2012 and have a 2% coupon priced at 101.732.

Proceeds from the sale will be used to finance general fund capital requirements ahead of the collection of taxes and revenues.

Issuer:	Berkeley, Calif.
Issue:	Series 2011-12 tax and revenue anticipation notes
Amount:	$50 million
Maturity:	July 5, 2012
Coupon:	2%
Price:	101.732
Type:	Competitive
Underwriter:	Wells Fargo Bank, NA (winner)
TIC:	0.268189%
Rating:	Moody's: MIG 1

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