District of Columbia set to sell $500 million in G.O. TRANs Tuesday

By Sheri Kasprzak

New York, Oct. 26 - The District of Columbia is expected to price $500 million in series 2010 general obligation tax revenue anticipation notes on Tuesday, according to a preliminary official statement.

The 2.5% notes (MIG1//F1+) will be sold on a competitive basis with Phoenix Capital Partners LLC and Public Resources Advisory Group as the financial advisers.

The notes are due Sept. 30, 2010.

Proceeds will be used to fund capital expenditures ahead of the collection of certain taxes.

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