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Published on 11/9/2010 in the Prospect News Municipals Daily.

New Issue: Orange County Sanitation, Calif., sells $154.67 million certificate anticipation notes

By Sheri Kasprzak

New York, Nov. 9 - The Orange County Sanitation District of California priced $154.665 million of series 2010B revenue refunding certificate anticipation notes on Tuesday, according to a pricing sheet.

The notes (/SP-1+/F1+) were sold competitively, but the winner could not be determined by press time Tuesday night.

The notes are due Nov. 23, 2011 and have a 2% coupon priced to yield 0.36%.

Proceeds will be used to pay at maturity the district's $165.865 million of series 2009B revenue refunding certificate anticipation notes.

Issuer:Orange County Sanitation District
Issue:Series 2010B revenue refunding certificate anticipation notes
Amount:$154.665 million
Maturity:Nov. 23, 2011
Coupon:2%
Yield:0.36%
Type:Competitive
Ratings:Standard & Poor's: SP-1+
Fitch: F1+
Pricing date:Nov. 9
Settlement date:Nov. 23

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