By Aaron Hochman-Zimmerman
New York, June 17 - Fulton County, Ga., priced $120 million general fund tax anticipation notes (MIG1/SP-1+/F1+) at a net interest cost of 0.316774%, according to Walter Johnson, a Public Financial Management Inc. senior managing consultant.
Barclays Capital Inc. won the auction for the bonds due Dec. 31, 2009 over nine other bidders. Public Financial Management acted as financial adviser.
Proceeds will be used to pay for general capital expenses ahead of the collection of taxes.
The Fulton County seat is located in Atlanta.
| Issuer: | Fulton County, Ga.
|
| Issue: | General fund tax anticipation notes
|
| Amount: | $120 million
|
| Maturity: | Dec. 31, 2009
|
| Net interest cost: | 0.316774%
|
| Underwriter: | Barclays Capital Inc.
|
| Type: | Competitive
|
| Pricing date: | June 17
|
| Ratings: | Moody's: MIG1
|
| Standard & Poor's: SP-1+
|
| Fitch: F1+
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
