By Sheri Kasprzak
New York, July 12 - The State of Colorado priced Tuesday $470 million of series 2011A general fund tax and revenue anticipation notes, according to a pricing sheet.
The notes (MIG 1/SP-1+) were sold competitively. The state treasurer's office did not return requests for the winning bidder by press time Tuesday.
The notes are due June 27, 2012 and have a 2% coupon priced at 101.725.
Proceeds will be used to finance general fund requirements during the coming fiscal year ahead of the collection of taxes and revenues.
| Issuer: | State of Colorado
|
| Issue: | Series 2011A tax and revenue anticipation notes
|
| Amount: | $470 million
|
| Maturity: | June 27, 2012
|
| Coupon: | 2%
|
| Price: | 101.725
|
| Type: | Competitive
|
| Ratings: | Moody's: MIG 1
|
| Standard & Poor's: SP-1+
|
| Pricing date: | July 12
|
| Settlement date: | July 19
|
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