By Sheri Kasprzak
New York, May 7 - The city of Olathe in Kansas priced $55.745 million in series 2009A general obligation temporary notes, according to an issuer source.
The notes are due June 1, 2010, with a 1.25% coupon, priced at par.
J.P. Morgan Securities Inc. won the competitive bid with a 0.52% net interest cost.
The city decided not to sell its planned $21.65 million in series 212 general obligation bonds.
Proceeds will be used for capital improvements.
| Issuer: | Olathe, Kan.
|
| Issue: | Series 2009A general obligation temporary notes
|
| Amount: | $55.745 million
|
| Type: | Competitive
|
| Underwriter: | J.P. Morgan Securities Inc.
|
| Maturity: | June 1, 2010
|
| Coupon: | 1.25%
|
| Price: | Par
|
| NIC: | 0.52%
|
| Pricing date: | May 5
|
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