New Issue: Salt Lake County, Utah, prices $67 million of tax and revenue anticipation notes

By Sheri Kasprzak

New York, June 25 - Salt Lake County, Utah, sold $67 million of series 2013 tax and revenue anticipation notes, according to a pricing sheet.

The notes (MIG 1) were sold competitively with BofA Merrill Lynch winning the bid. The true interest cost came in at 0.160816%, said a source close to the offering.

The notes are due Dec. 27, 2013 and have a 1% coupon priced at 100.389.

Proceeds will be used to finance the county's cash flow needs.

Issuer:	Salt Lake County, Utah
Issue:	Series 2013 tax and revenue anticipation notes
Amount:	$67 million
Maturity:	Dec. 27, 2013
Coupon:	1%
Price:	100.389
Type:	Competitive
Underwriter:	BofA Merrill Lynch (winner)
TIC:	0.160816%
Rating:	Moody's: MIG 1
Pricing date:	June 25
Settlement date:	July 10

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.