Idaho to sell $600 million in tax anticipation notes

By Sheri Kasprzak

New York, June 4 - The state of Idaho plans to price $600 million in series 2008 tax anticipation notes, according to a preliminary official statement released Wednesday.

The bonds will be sold on a negotiated basis with Banc of America Securities LLC as the lead manager. The co-managers will be Zions Bank and KeyBanc Capital Markets.

The bonds are due June 30, 2009.

Proceeds will be deposited into the state's general fund and will be used to pay expenses during fiscal year 2009.

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