New Issue: Palm Beach County School District, Fla., sells $115 million 1.5% TANs

By Sheri Kasprzak

New York, Sept. 21 - The Palm Beach County School District of Florida sold $115 million of series 2011 tax anticipation notes, said a pricing sheet.

The notes (MIG 1) were sold competitively. Calls to the issuer for the winning bidder were not returned by press time Wednesday.

The notes are due Jan. 26, 2012, have a 1.5% coupon and priced at 100.448.

Proceeds will be used to finance operating expenses for the 2011-2012 fiscal year ahead of the collection of ad valorem taxes.

Issuer:	Palm Beach County School District, Fla.
Issue:	Series 2011 tax anticipation notes
Amount:	$115 million
Maturity:	Jan. 26, 2012
Coupon:	1.5%
Price:	100.448
Type:	Competitive
Rating:	Moody's: MIG 1
Pricing date:	Sept. 21
Settlement date:	Sept. 29

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