By Sheri Kasprzak
New York, Sept. 28 - The District of Columbia sold on Wednesday $820 million of series 2012 general obligation tax revenue anticipation notes, according to a term sheet.
The notes (MIG 1/SP-1+/F1+) were sold competitively.
The notes are due Sept. 28, 2012 and have a 2% coupon priced at 101.696.
Proceeds will be used to finance the city's capital needs for fiscal year 2012 ahead of the collection of taxes.
| Issuer: | District of Columbia
|
| Issue: | Series 2012 general obligation tax revenue anticipation notes
|
| Amount: | $820 million
|
| Type: | Competitive
|
| Ratings: | Moody's: MIG 1
|
| Standard & Poor's: SP-1+
|
| Fitch: F1+
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 6
|
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