By Sheri Kasprzak
New York, Nov. 3 - The Orange County Sanitation District of California priced $143.205 million of series 2011B revenue refunding certificate anticipation notes, according to a pricing sheet.
The notes (SP-1+/F1+) were sold competitively with Wells Fargo Bank, NA as the winner. The true interest cost came in at 0.226953%, said Mike White, Orange County's controller.
The notes are due Nov. 9, 2012 and have a 2% coupon priced at 101.764.
Proceeds will be used to refund the district's series 2010B revenue refunding certificate anticipation notes.
| Issuer: | Orange County Sanitation District
|
| Issue: | Series 2011B revenue refunding certificate anticipation notes
|
| Amount: | $143.205 million
|
| Maturity: | Nov. 9, 2012
|
| Coupon: | 2%
|
| Price: | 101.764
|
| Type: | Competitive
|
| Underwriter: | Wells Fargo Bank, NA (winner)
|
| TIC: | 0.226953%
|
| Ratings: | Standard & Poor's: SP-1+
|
| Fitch: F1+
|
| Pricing date: | Nov. 3
|
| Settlement date: | Nov. 10
|
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