By Sheri Kasprzak
New York, June 23 - The state of Idaho sold $500 million in series 2009 tax anticipation notes on Tuesday, said Shawn Nydegger, investment officer with the state treasurer's office.
The notes (MIG1/SP-1+/F1+) were sold through senior manager Seattle-Northwest Securities Corp.
The 2.5% notes are due 2010 and priced to yield 0.4%.
Proceeds will be used to fund general expenses ahead of the collection of taxes.
| Issuer: | State of Idaho
|
| Issue: | Series 2009 tax anticipation notes
|
| Amount: | $500 million
|
| Type: | Negotiated
|
| Underwriter: | Seattle-Northwest Securities Corp.
|
| Maturity: | 2010
|
| Coupon: | 2.5%
|
| Yield: | 0.4%
|
| Ratings: | Moody's: MIG1
|
| Standard & Poor's: SP-1+
|
| Fitch: F1+
|
| Pricing date: | June 23
|
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