By Cristal Cody
Tupelo, Miss., Nov. 5 – The District of Columbia, Washington, D.C., priced $250 million of 1.5% general obligation tax revenue anticipation notes at 101.193 to yield 0.12% on Wednesday, according to a pricing sheet.
The deal was downsized from $400 million.
The fiscal year 2015 TRANs (MIG1/SP-1+/F1+) are due Sept. 30, 2015.
The notes were offered via a competitive sale.
Acacia Financial Group, Inc. and Public Resources Advisory Group, Inc. were the financial advisers.
Proceeds will be used to finance governmental expenses of the district in anticipation of the collection of revenues for fiscal year 2015.
| Issuer: | District of Columbia, Washington, D.C
|
| Issue: | General obligation tax revenue anticipation notes
|
| Amount: | $250 million
|
| Maturity: | Sept. 30, 2015
|
| Type: | Competitive
|
| Financial advisers: | Acacia Financial Group, Inc. and Public Resources Advisory Group, Inc.
|
| Coupon: | 1.5%
|
| Price: | 101.193
|
| Yield: | 0.12%
|
| Ratings: | Moody’s: MIG1
|
| Standard & Poor’s: SP-1+
|
| Fitch: F1+
|
| Pricing date: | Nov. 5
|
| Settlement date: | Nov. 18
|
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