By Sheri Kasprzak
New York, June 20 - The State of Idaho priced $500 million of series 2011 tax anticipation notes, said a pricing sheet.
The notes (MIG 1/SP-1+/F1+) were sold on a negotiated basis through Seattle-Northwest Securities Inc.
The notes are due June 29, 2012 and have a 2% coupon priced at 101.726.
Proceeds will be used to fund capital expenditures for the coming fiscal year ahead of the collection of tax revenues.
| Issuer: | State of Idaho
|
| Issue: | Series 2011 tax anticipation notes
|
| Amount: | $500 million
|
| Maturity: | June 29, 2012
|
| Coupon: | 2%
|
| Price: | 101.726
|
| Type: | Negotiated
|
| Underwriter: | Seattle-Northwest Securities Inc.
|
| Ratings: | Moody's: MIG 1
|
| Standard & Poor's: SP-1+
|
| Fitch: F1+
|
| Pricing date: | June 20
|
| Settlement date: | July 1
|
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