By Sheri Kasprzak
New York, Feb. 25 - The Los Angeles Unified School District sold $780 million of series 2012-2013B tax and revenue anticipation notes, according to a pricing sheet.
The notes (/SP-1+/) were sold competitively with J.P. Morgan Securities LLC winning the bid.
The notes are due Nov. 28, 2013 and have a 2.5% coupon to yield 0.26%.
Proceeds will be used to finance the district's cash flow needs for the coming fiscal year.
| Issuer: | Los Angeles Unified School District
|
| Issue: | Series 2012-2013 tax and revenue anticipation notes
|
| Amount: | $780 million
|
| Maturity: | Nov. 28, 2013
|
| Coupon: | 2.5%
|
| Yield: | 0.26%
|
| Type: | Competitive
|
| Underwriter: | J.P. Morgan Securities LLC (winner)
|
| Pricing date: | Feb. 19
|
| Settlement date: | Feb. 26
|
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