By Sheri Kasprzak
New York, July 12 - The DeKalb County School District of Georgia sold $90 million of series 2012 tax anticipation notes, said a pricing sheet.
The notes were sold competitively with TD Securities (USA) LLC winning the bid with a 0.56% net interest cost, said Jeff Dickerson, spokesman for the district.
The notes are due Dec. 28, 2012 and have a 0.95% coupon to yield 0.55%.
Proceeds will be used to finance current expenses for the district ahead of the collection of property taxes.
| Issuer: | DeKalb County School District
|
| Issue: | Series 2012 tax anticipation notes
|
| Amount: | $90 million
|
| Maturity: | Dec. 28, 2012
|
| Coupon: | 0.95%
|
| Yield: | 0.55%
|
| Type: | Competitive
|
| Underwriter: | TD Securities (USA) LLC (winner)
|
| NIC: | 0.56%
|
| Pricing date: | July 9
|
| Settlement date: | July 12
|
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