South Coast Local Education, Calif., to sell $102.35 million TRANs

By Cristal Cody

Prospect News, Aug. 8 - The South Coast Local Education Agencies intends to sell $102.35 million in pooled tax and revenue anticipation notes for the Orange County Department of Education, the Anaheim City School District and the Capistrano Unified School District in California, according to a preliminary official statement.

The sale includes $13 million in series 2011A notes due June 29, 2012; $74.99 million in series 2011B notes due May 15, 2012; and $14.36 million in series 2011C anticipation notes due Aug. 31, 2012.

Piper Jaffray & Co. will manage the negotiated sale.

Proceeds will be used for operating cash.

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