New Issue: Colorado brings $325 million of education loan TRANs to yield 0.33%

By Sheri Kasprzak

New York, Dec. 7 - The State of Colorado priced $325 million of series 2010B education loan program tax and revenue anticipation notes, said a pricing sheet.

The bonds (MIG 1/SP-1+/) were sold competitively. Goldman, Sachs & Co. took the largest portion - a $280 million piece - with a 2% coupon to yield 0.33%. Piper Jaffray & Co. won $25 million of the notes, also with a 2% coupon to yield 0.33%. Barclays Capital Inc. took $20 million of 2% notes to yield 0.33%.

The notes are due June 30, 2011, and proceeds to be used to provide funding to local school districts ahead of the collection of property taxes.

Issuer:	State of Colorado
Issue:	Series 2010B education loan program tax and revenue anticipation notes
Amount:	$325 million
Type:	Competitive
Underwriters:	Goldman, Sachs & Co., Piper Jaffray & Co. and Barclays Capital Inc. (winners)
Ratings:	Moody's: MIG 1
	Standard & Poor's: SP-1+
Pricing date:	Dec. 7
Settlement date:	Dec. 10
Amount	Maturity	Type	Coupon	Yield	Winning bidder
$280 million	June 30, 2011	Term	2%	0.33%	Goldman, Sachs & Co.
$25 million	June 30, 2011	Term	2%	0.33%	Piper Jaffray & Co.
$20 million	June 30, 2011	Term	2%	0.33%	Barclays Capital Inc.

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