New Issue: Fulton County, Ga., prices $120 million TANs with 1.602% yield

By Sheri Kasprzak

New York, June 6 - Fulton County, Ga., priced $120 million in general fund tax anticipation notes (TANs), according to an official statement.

The notes (MIG1/SP-1+/F1+) are due Dec. 31, 2008 and have a 2.5% coupon to yield 1.602%.

Proceeds will be used to pay expenses incurred during the 2008 calendar year before revenues from taxes are received.

The notes were sold on a competitive basis, but the winning bidder was not immediately available.

Issuer:	Fulton County, Georgia
Issue:	General fund tax anticipation notes
Amount:	$120 million
Type:	Competitive
Maturity:	Dec. 31, 2008
Coupon:	2.5%
Yield:	1.602%
Ratings:	Moody's: MIG1
	Standard & Poor's: SP-1+
	Fitch: F1+
Pricing date:	June 4
Settlement date:	June 12

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