By Sheri Kasprzak
New York, Sept. 23 - The School District of Miami-Dade County in Florida sold $150 million in series 2009 tax anticipation notes Tuesday to Citigroup Global Markets Inc., said Richard Hinds, the district's chief financial officer Wednesday.
The notes priced competitively with a 3.7% true interest cost, Hinds said.
The 2010 notes have a 1% coupon to yield 0.38%.
Proceeds will be used to fund capital expenditures ahead of the collection of taxes.
| Issuer: | School District of Miami-Dade County
|
| Issue: | Series 2009 tax anticipation notes
|
| Amount: | $150 million
|
| Type: | Competitive
|
| Underwriter: | Citigroup Global Markets Inc.
|
| TIC: | 3.7%
|
| Maturity: | 2010
|
| Coupon: | 1%
|
| Yield: | 0.38%
|
| Pricing date: | Sept. 22
|
| Settlement date: | Oct. 5
|
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