By Sheri Kasprzak
New York, July 12 – The Miami-Dade County School District of Florida brought to market $290 million of series 2016 tax anticipation notes, according to a pricing sheet.
The notes (MIG 1) were sold competitively. The issuer did not immediately respond to requests for the winning bidder.
The notes are due Feb. 23, 2017 and have a 5% coupon priced at 102.572 to yield 0.47%.
Proceeds will be used to finance cash requirements ahead of the collection of certain taxes.
| Issuer: | Miami-Dade County School District
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| Issue: | Series 2016 tax anticipation notes
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| Amount: | $290 million
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| Maturity: | Feb. 23, 2017
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| Coupon: | 5%
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| Price: | 102.572
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| Yield: | 0.47%
|
| Type: | Competitive
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| Rating: | Moody’s: MIG 1
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| Pricing date: | July 12
|
| Settlement date: | July 28
|
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