By Sheri Kasprzak
New York, Dec. 6 - The State of New Jersey came to market Tuesday with $2.15 billion of series 2012C tax and revenue anticipation notes, said a pricing sheet.
The notes (MIG 1/SP-1+/F1+) were sold competitively. The issuer did not return calls requesting the winning bidder by press time Tuesday evening.
The 2% notes are due June 21, 2012 and were priced at 100.895.
Proceeds will be used to provide cash flow management for revenues and expenditures of the general fund and the property tax relief fund during the 2012 fiscal year.
| Issuer: | State of New Jersey
|
| Issue: | Series 2012C tax and revenue anticipation notes
|
| Amount: | $2.15 billion
|
| Maturity: | June 21, 2012
|
| Coupon: | 2%
|
| Price: | 100.895
|
| Type: | Competitive
|
| Ratings: | Moody's: MIG 1
|
| Standard & Poor's: SP-1+
|
| Fitch: F1+
|
| Pricing date: | Dec. 6
|
| Settlement date: | Dec. 15
|
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