By Sheri Kasprzak
New York, March 23 - The Sacramento Unified School District of California sold $75 million of series 2011-12 tax and revenue anticipation notes, according to a term sheet.
The notes (/SP-1+/) were sold through senior manager De La Rosa & Co. Inc.
The notes are due Oct. 1, 2012 and bear interest at 2% priced at 100.741.
Proceeds will be used to finance capital requirements ahead of the collection of taxes and revenues.
| Issuer: | Sacramento Unified School District
|
| Issue: | Series 2011-12 tax and revenue anticipation notes
|
| Amount: | $75 million
|
| Maturity: | Oct. 1, 2012
|
| Coupon: | 2%
|
| Price: | 100.741
|
| Type: | Negotiated
|
| Underwriters: | De La Rosa & Co. Inc. (lead)
|
| Ratings: | Standard & Poor's: SP-1+
|
| Pricing date: | March 22
|
| Settlement date: | April 5
|
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