By Sheri Kasprzak
New York, June 10 - The County of Fresno in California priced $95 million in series 2008-2009 tax and revenue anticipation notes Tuesday, said a sellsider familiar with the sale.
The notes (/SP-1/) are due June 30, 2009 and have a 3% coupon. The yield was not immediately available as the pricing terms were still being finalized on Tuesday afternoon.
Citigroup Global Markets won the competitive bid with a 1.63842% true interest cost.
Proceeds will be deposited to the county's general fund and will be used for expenses paid under the general fund.
| Issuer: | County of Fresno (California)
|
| Issue: | Series 2008-09 tax and revenue anticipation notes
|
| Amount: | $95 million
|
| Type: | Competitive
|
| Maturity: | June 30, 2009
|
| Coupon: | 3%
|
| TIC: | 1.63842%
|
| Underwriter: | Citigroup Global Markets
|
| Pricing date: | June 10
|
| Settlement date: | July 1
|
| Rating: | Standard & Poor's: SP-1
|
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