By Sheri Kasprzak
New York, July 11 - The State of Colorado sold $100 million of series 2011A education loan program tax and revenue anticipation notes, according to a pricing sheet.
The notes (MIG 1/SP-1+) were sold competitively. Calls to the state treasurer's office for the winning bidder were not returned by press time Monday evening.
The notes are due June 29, 2012 and have a 2% coupon priced at 101.693.
Proceeds will be used to provide loans to educational facilities ahead of their collection of property taxes and other funds for the coming fiscal year.
| Issuer: | State of Colorado
|
| Issue: | Series 2011A education loan program tax and revenue anticipation notes
|
| Amount: | $100 million
|
| Maturity: | June 29, 2012
|
| Coupon: | 2%
|
| Price: | 101.693
|
| Type: | Competitive
|
| Ratings: | Moody's: MIG 1
|
| Standard & Poor's: SP-1+
|
| Pricing date: | July 11
|
| Settlement date: | July 14
|
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