Published on 9/22/2015 in the Prospect News Municipals Daily.
New Issue: Palm Beach County School, Fla., sells $115 million of short-term notes
By Sheri Kasprzak
New York, Sept. 22 – The Palm Beach County School District of Florida sold $115 million of series 2015 tax anticipation notes, according to a pricing sheet.
The notes (MIG 1) are due Feb. 1, 2016 and have a 1% coupon priced at 100.296 to yield 0.08%.
The notes were sold competitively.
Proceeds will be used to provide the district with operating capital for the fiscal year ending June 30, 2016.
| Issuer: | Palm Beach County School District, Fla.
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| Issue: | Series 2015 tax anticipation notes
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| Amount: | $115 million
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| Maturity: | Feb. 1, 2016
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| Coupon: | 1%
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| Price: | 100.296
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| Yield: | 0.08%
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| Type: | Competitive
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| Rating: | Moody’s: MIG 1
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| Pricing date: | Sept. 22
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| Settlement date: | Oct. 5
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