Published on 6/12/2012 in the Prospect News Municipals Daily.
New Issue: San Bernardino County, Calif., prices $190 million of TRANs
By Sheri Kasprzak
New York, June 12 - San Bernardino County, Calif., sold $190 million of series 2012-13 tax and revenue anticipation notes, according to a pricing sheet.
The notes (/SP-1+/) were sold through Loop Capital Markets LLC and Bank of America Merrill Lynch.
The notes are due June 28, 2013 and have a 2% coupon priced at 101.767.
Proceeds will be used to provide the county with general capital funds for the 2012-13 fiscal year ahead of the collection of taxes and revenues.
| Issuer: | San Bernardino County, Calif.
|
| Issue: | Series 2012-13 tax and revenue anticipation notes
|
| Amount: | $190 million
|
| Maturity: | June 28, 2013
|
| Coupon: | 2%
|
| Price: | 101.767
|
| Type: | Negotiated
|
| Underwriters: | Loop Capital Markets LLC and Bank of America Merrill Lynch
|
| Ratings: | Standard & Poor's: SP-1+
|
| Pricing date: | June 12
|
| Settlement date: | July 2
|
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