Idaho organizes $500 million sale of TANs for Tuesday

By Sheri Kasprzak

New York, June 18 - The State of Idaho is scheduled to sell $500 million of series 2012 tax anticipation notes on Tuesday, said a sales calendar.

The notes (MIG 1/SP-1+/F1+) will be sold on a negotiated basis with Seattle-Northwest Securities Inc. as the senior manager.

Proceeds will be used to finance general capital needs in the 2012-13 fiscal year for the state ahead of the collection of certain taxes.

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