By Sheri Kasprzak
New York, June 4 - The DeKalb County School District of Georgia sold $70 million of series 2013 tax anticipation notes, according to a pricing sheet.
The notes (MIG 1) were sold competitively. Oppenheimer & Co. Inc. won the bid with a 0.5104% net interest cost, said Michael Bell, the district's chief financial officer.
The six-month notes have a 1% coupon priced at 100.41 to yield 0.2%.
Proceeds will be used to finance current operating expenses during the 2013 calendar year.
| Issuer: | DeKalb County School District
|
| Issue: | Series 2013 tax anticipation notes
|
| Amount: | $70 million
|
| Maturity: | Dec. 16, 2013
|
| Coupon: | 1%
|
| Price: | 100.41
|
| Yield: | 0.2%
|
| Type: | Competitive
|
| Underwriter: | Oppenheimer & Co. Inc. (winner)
|
| NIC: | 0.5104%
|
| Rating: | Moody's: MIG 1
|
| Pricing date: | June 3
|
| Settlement date: | June 11
|
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