By Sheri Kasprzak
New York, Oct. 29 - The District of Columbia sold $230 million of series 2014 general obligation tax anticipation revenue notes, according to a pricing sheet. The offering was downsized from $405 million.
The notes (MIG 1/SP-1+/F1+) were sold competitively.
The notes are due Sept. 30, 2014 and have a 2% coupon priced at 101.641 to yield 0.16%.
Proceeds will be used to finance general governmental expenses for the city ahead of the collection of revenues in the 2014 fiscal year.
| Issuer: | District of Columbia
|
| Issue: | Series 2014 general obligation tax anticipation revenue notes
|
| Amount: | $230 million
|
| Maturity: | Sept. 30, 2014
|
| Coupon: | 2%
|
| Price: | 101.641
|
| Yield: | 0.16%
|
| Type: | Competitive
|
| Ratings: | Moody's: MIG 1
|
| Standard & Poor's: SP-1+
|
| Fitch: F1+
|
| Pricing date: | Oct. 29
|
| Settlement date: | Nov. 7
|
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