By Sheri Kasprzak
New York, Jan. 27 - The Cobb County School District of Georgia sold $62 million of series 2011 short-term school construction notes, said a pricing sheet.
The bonds (MIG 1) were sold competitively with Barclays Capital Inc. winning the bid.
The bonds are due Dec. 29, 2011 and have a 1.5% coupon to yield 0.38%.
Proceeds will be used to finance capital outlay disbursements until special local option sales tax revenues are received.
| Issuer: | Cobb County School District
|
| Issue: | Series 2011 short-term school construction notes
|
| Amount: | $62 million
|
| Maturity: | Dec. 29, 2011
|
| Coupon: | 1.5%
|
| Yield: | 0.38%
|
| Type: | Competitive
|
| Underwriter: | Barclays Capital Inc. (winner)
|
| Rating: | Moody's: MIG 1
|
| Pricing date: | Jan. 27
|
| Settlement date: | Feb. 10
|
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