By Sheri Kasprzak
New York, Nov. 16 - The State of New Jersey priced its long-delayed $2.6 billion of series 2013C tax and revenue anticipation notes, said a pricing sheet.
The notes (MIG 1/SP-1/F1) were sold competitively.
The notes are due June 27, 2013 and have a 2.5% coupon priced at 101.293.
Proceeds will be used to finance revenues and expenditures for the state's general fund ahead of the collection of taxes and revenues during the 2013 fiscal year.
| Issuer: | State of New Jersey
|
| Issue: | Series 2013C tax and revenue anticipation notes
|
| Amount: | $2.6 billion
|
| Maturity: | June 27, 2013
|
| Coupon: | 2.5%
|
| Price: | 101.293
|
| Type: | Competitive
|
| Ratings: | Moody's: MIG 1
|
| Standard & Poor's: SP-1
|
| Fitch: F1
|
| Pricing date: | Nov. 16
|
| Settlement date: | Nov. 20
|
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