By Sheri Kasprzak
New York, June 7 - Orange County, Calif., priced $150 million of series 2011-12 tax and revenue anticipation notes, said a pricing sheet.
The offering included $44.265 million of notes due March 15, 2012; $44.12 million of notes due May 15, 2012; and $61.615 million of notes due June 29, 2012.
The March 2012 notes have a 2% coupon priced at 101.239. The May 2012 notes have a 2% coupon priced at 101.514. The June 2012 notes have a 2% coupon priced at 101.715.
The notes (MIG 1/SP-1+/) were sold through De La Rosa & Co.
Proceeds will be used to finance cash flow requirements ahead of the collection of taxes and revenues.
| Issuer: | Orange County, Calif.
|
| Issue: | Series 2011-12 tax and revenue anticipation notes
|
| Amount: | $150 million
|
| Type: | Negotiated
|
| Underwriter: | De La Rosa & Co.
|
| Ratings: | Moody's: MIG 1
|
| Standard & Poor's: SP-1+
|
| Pricing date: | June 7
|
| Settlement date: | July 1
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $44.265 million | March 15, 2012 | Term | 2% | 101.239
|
| $44.12 million | May 15, 2012 | Term | 2% | 101.514
|
| $61.615 million | June 29, 2012 | Term | 2% | 101.715
|
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