By Sheri Kasprzak
New York, Sept. 11 – The Palm Beach County School District of Florida revealed additional information on its $115 million of series 2014 tax anticipation notes.
The notes (MIG1) were sold competitively with J.P. Morgan Securities LLC winning the bid.
The notes are due Jan. 30, 2015 and have a 1.25% coupon priced at 100.406 to yield 0.08%, according to a pricing sheet.
Proceeds will be used to finance operating expenditures for the district in the 2014-2015 fiscal year.
| Issuer: | Palm Beach County School District
|
| Issue: | Series 2014 tax anticipation notes
|
| Amount: | $115 million
|
| Maturity: | Jan. 30, 2015
|
| Coupon: | 1.25%
|
| Price: | 100.406
|
| Yield: | 0.08%
|
| Type: | Competitive
|
| Underwriter: | J.P. Morgan Securities LLC (winner)
|
| Rating: | Moody’s: MIG1
|
| Pricing date: | Sept. 10
|
| Settlement date: | Sept. 25
|
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