By Sheri Kasprzak
New York, Aug. 28 – The Michigan Finance Authority priced $107.8 million of series 2014E School District of Detroit state aid revenue notes, said a pricing sheet.
The notes were sold through J.P. Morgan Securities LLC and Loop Capital Markets LLC.
The notes are due Aug. 20, 2015 and have a 2.85% coupon priced at par.
Proceeds will be used to finance capital expenditures for the school district.
| Issuer: | Michigan Finance Authority
|
| Issue: | Series 2014E School District of Detroit state aid revenue notes
|
| Amount: | $107.8 million
|
| Maturity: | Aug. 20, 2015
|
| Coupon: | 2.85%
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC and Loop Capital Markets LLC
|
| Pricing date: | Aug. 27
|
| Settlement date: | Aug. 29
|
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