Published on 6/5/2012 in the Prospect News Municipals Daily.
New Issue: Fresno County, Calif., brings $82 million of TRANs at 0.21% TIC
By Sheri Kasprzak
New York, June 5 - Fresno County, Calif., sold $82 million of series 2012-13 tax and revenue anticipation notes, said a pricing sheet.
The notes (/SP-1+/) were sold competitively with Jefferies & Co. as the winning bidder. The true interest cost came in at 0.21541%.
The 2% notes, which are due June 28, 2013, were priced at 101.767.
Proceeds will be used to finance capital needs of the county for the fiscal year ahead of the collection of certain taxes and revenues.
Issuer: | Fresno County, Calif.
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Issue: | Series 2012-13 tax and revenue anticipation notes
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Amount: | $82 million
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Maturity: | June 28, 2013
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Coupon: | 2%
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Price: | 101.767
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Type: | Competitive
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Underwriter: | Jefferies & Co. (winner)
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TIC: | 0.21541%
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Ratings: | Standard & Poor's: SP-1+
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Pricing date: | June 5
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Settlement date: | July 2
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