By Sheri Kasprzak
New York, June 23 - Fresno County in California priced $95 million in series 2009-10 tax and revenue anticipation notes Tuesday, said a sellside source connected to the deal.
The notes (/SP-1+/) were sold on a competitive basis with Barclays Capital Inc. as the winning bidder. The true interest cost came in at 0.4592%. KNN Public Finance was the financial adviser.
The notes are due June 30, 2010 and the coupon came at 2%, priced at par.
Proceeds will be used to fund general expenses ahead of the collection of taxes and revenues.
| Issuer: | Fresno County, Calif.
|
| Issue: | Series 2009-10 tax and revenue anticipation notes
|
| Amount: | $95 million
|
| Type: | Competitive
|
| Underwriter: | Barclays Capital Inc.
|
| TIC: | 0.4592%
|
| Maturity: | June 30, 2010
|
| Coupon: | 2%
|
| Price: | Par
|
| Rating: | Standard & Poor's: SP-1+
|
| Pricing date: | June 23
|
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