New Issue: Tulare County, Calif., prices $56 million TRANs competitively at 0.18%

By Sheri Kasprzak

New York, July 22 - Tulare County, Calif., sold $56 million of series 2013-14 tax and revenue anticipation notes, said a pricing sheet.

The notes (/SP-1+/) were sold competitively with Jefferies & Co. winning the bid at a 0.18581% true interest cost.

The notes are due June 30, 2014 and have a 1.5% coupon priced at 101.204 to yield 0.18%.

Proceeds will be used to finance capital expenditures for the county ahead of the collection of taxes and revenues.

Issuer:	Tulare County, Calif.
Issue:	Series 2013-14 tax and revenue anticipation notes
Amount:	$56 million
Maturity:	June 30, 2014
Coupon:	1.5%
Price:	101.204
Yield:	0.18%
Type:	Competitive
Underwriter:	Jefferies & Co. (winner)
TIC:	0.18581%
Rating:	Standard & Poor's: SP-1+
Pricing date:	July 18
Settlement date:	Aug. 1

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