By Sheri Kasprzak
New York, Dec. 2 – The District of Columbia sold $250 million of series 2016 general obligation tax revenue anticipation notes, said a pricing sheet.
The notes (MIG 1/SP-1+/F1+) were sold competitively.
The notes are due Sept. 30, 2016 and have a 1.5% coupon priced at 100.911 to yield 0.346%.
Proceeds will be used to finance general government expenditures for the 2016 fiscal year.
| Issuer: | District of Columbia
|
| Issue: | Series 2016 general obligation tax revenue anticipation notes
|
| Amount: | $250 million
|
| Maturity: | Sept. 30, 2016
|
| Coupon: | 1.5%
|
| Price: | 100.911
|
| Yield: | 0.346%
|
| Type: | Competitive
|
| Ratings: | Moody’s: MIG 1
|
| Standard & Poor’s: SP-1+
|
| Fitch: F1+
|
| Pricing date: | Dec. 2
|
| Settlement date: | Dec. 16
|
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