By Sheri Kasprzak
New York, Nov. 3 - The School District of Miami-Dade County in Florida priced $100 million in series 2008 tax anticipation notes, according to an official statement released Monday.
The notes (MIG1) were sold on a negotiated basis with Citigroup Global Markets as the lead manager.
The notes, which are due April 15, 2009, have a 3% coupon to yield 1.72%.
The financial advisers for the sale were De Lara Associates and Public Resources Advisory Group.
Proceeds will be used for operating expenses for the district until taxes are collected.
| Issuer: | School District of Miami-Dade County, Fla.
|
| Issue: | Series 2008 tax anticipation notes
|
| Amount: | $100 million
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets
|
| Maturity: | April 15, 2009
|
| Coupon: | 3%
|
| Price: | 100.571
|
| Yield: | 1.72%
|
| Rating: | Moody's: MIG1
|
| Pricing date: | Oct. 28
|
| Settlement date: | Nov. 3
|
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