Published on 3/7/2013 in the Prospect News Municipals Daily.
New Issue: Elk Grove Unified School District, Calif., sells $50 million of 2.75% TRANs due 2013
By Sheri Kasprzak
New York, March 7 - The Elk Grove Unified School District of California priced $50 million of series 2012-13 tax and revenue anticipation notes, according to a pricing sheet.
The notes (/SP-1+/) were sold competitively. The issuer did not immediately return calls for the winning bidder Thursday.
The notes are due Oct. 1, 2013, and have a 2.75% coupon priced at par.
Proceeds will be used to finance capital expenditures for the district ahead of the collection of certain taxes and revenues.
| Issuer: | Elk Grove Unified School District, Calif.
|
| Issue: | Series 2012-13 tax and revenue anticipation notes
|
| Amount: | $50 million
|
| Maturity: | Oct. 1, 2013
|
| Coupon: | 2.75%
|
| Price: | 100
|
| Type: | Competitive
|
| Pricing date: | March 7
|
| Settlement date: | March 21
|
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