Published on 7/14/2015 in the Prospect News Municipals Daily.
New Issue: Miami-Dade County School, Fla., brings $305 million of short-term notes
By Sheri Kasprzak
New York, July 14 – The Miami-Dade County School District of Florida sold $305 million of series 2015 tax anticipation notes, said a pricing sheet.
The notes (MIG 1) were sold competitively.
The notes are due June 30, 2016 and have a 1% coupon to yield 0.17%.
Proceeds will be used to finance capital expenditures ahead of the collection of ad valorem taxes.
| Issuer: | Miami-Dade County School District
|
| Issue: | Series 2015 tax anticipation notes
|
| Amount: | $305 million
|
| Maturity: | June 30, 2016
|
| Coupon: | 1%
|
| Yield: | 0.17%
|
| Type: | Competitive
|
| Rating: | Moody’s: MIG 1
|
| Pricing date: | July 14
|
| Settlement date: | July 28
|
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