New Issue: Fresno County, Calif., prices $63 million short-term notes at 0.19% TIC

By Sheri Kasprzak

New York, June 4 - Fresno County, Calif., sold $63 million of series 2013-14 tax and revenue anticipation notes, according to a pricing sheet.

The notes (/SP-1+/) were sold competitively with J.P. Morgan Securities LLC at a 0.18509% true interest cost.

The notes are due 2014 and have a 1.25% coupon priced at 101.063 to yield 0.182%.

Proceeds will be used to finance capital expenditures for the county ahead of the collection of taxes and revenues.

Issuer:	Fresno County, Calif.
Issue:	Series 2013-14 tax and revenue anticipation notes
Amount:	$63 million
Maturity:	June 30, 2014
Coupon:	1.25%
Price:	101.063
Yield:	0.182%
Type:	Competitive
Underwriter:	J.P. Morgan Securities LLC (winner)
TIC:	0.18509%
Rating:	Standard & Poor's: SP-1+
Pricing date:	June 4
Settlement date:	July 1

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