Colorado prepares $165 million offering of education loan TRANs

By Sheri Kasprzak

New York, July 10 – The State of Colorado is slated to price $165 million of series 2015A education loan program tax and revenue anticipation notes on Tuesday, according to a preliminary official statement.

The notes (MIG1/SP-1+/) will be sold on a competitive basis with RBC Capital Markets LLC as the financial adviser.

The notes are due June 29, 2016.

Proceeds will be used to finance loans to school districts in the state to alleviate cash flow deficits for the coming fiscal year.

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