By Sheri Kasprzak
New York, June 19 - The State of Idaho priced $500 million of series 2012 tax anticipation notes on Tuesday, according to a pricing sheet.
The notes (MIG1/SP-1+/F1+) were sold through senior manager Seattle-Northwest Securities Inc.
The notes are due June 28, 2013 and have a 2% coupon priced at 101.776.
Proceeds will be used to finance general capital needs in the 2012-13 fiscal year for the state ahead of the collection of taxes.
| Issuer: | State of Idaho
|
| Issue: | Series 2012 tax anticipation notes
|
| Amount: | $500 million
|
| Maturity: | June 28, 2013
|
| Coupon: | 2%
|
| Price: | 101.776
|
| Type: | Negotiated
|
| Underwriters: | Seattle-Northwest Securities Inc. (lead)
|
| Ratings: | Moody's: MIG1
|
| Standard & Poor's: SP-1+
|
| Fitch: F1+
|
| Pricing date: | June 19
|
| Settlement date: | July 2
|
© 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.
