By Sheri Kasprzak
New York, June 29 - The South Carolina Association of Governmental Organizations priced Tuesday $179.474 million in series 2010A tax anticipation notes on Tuesday, according to a term sheet.
The notes (MIG1) were sold competitively with Wells Fargo Securities Inc. winning the bid with a 0.385% net interest cost.
The 2% notes are due April 15, 2011 and were priced at 101.247.
Proceeds will be used to finance school projects ahead of the collection of taxes.
| Issuer: | South Carolina Association of Governmental Organizations
|
| Issue: | Series 2010A tax anticipation notes
|
| Amount: | $179.474 million
|
| Maturity: | April 15, 2011
|
| Coupon: | 2%
|
| Price: | 101.247
|
| Type: | Competitive
|
| Underwriter: | Wells Fargo Securities Inc. (winner)
|
| Net interest cost: | 0.385
|
| Rating: | Moody's: MIG1
|
| Pricing date: | June 29
|
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