By Sheri Kasprzak
New York, June 3 - The San Diego County and San Diego County School Districts priced $264.745 million in series 2010 tax and revenue anticipation notes on Thursday, according to a pricing sheet.
The deal included $140 million in series 2010A notes, $22.84 million in series 2010B-1 notes, $98.205 million in series 2010B-2 notes and $3.7 million in series 2010B-3 notes.
The notes (/SP-1+/) were sold through RBC Capital Markets Corp. and De La Rosa & Co.
The 2010A notes are due June 30, 2011, with a 2% coupon priced at 101.61. The 2010B-1 notes are due Jan. 31, 2011, with a 2% coupon priced at 100.734. The 2010B-2 notes are due April 29, 2011, with a 2% coupon, priced at 100.904. The 2010B-3 notes are due April 29, 2011, with a 2% coupon priced at 100.863.
Proceeds will finance capital projects ahead of the collection of taxes and revenues.
Issuer: | San Diego County and San Diego County School Districts
|
Issue: | Series 2010 tax and revenue anticipation notes
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Amount: | $264.745 million
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Type: | Negotiated
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Underwriters: | RBC Capital Markets Corp. and De La Rosa & Co.
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Rating: | Standard & Poor's: SP-1+
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Pricing date: | June 3
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Settlement date: | July 1
|
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Series 2010A
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Maturity | Type | Coupon | Price
|
June 30, 2011 | Term | 2% | 101.61
|
|
Series 2010B-1
|
Maturity | Type | Coupon | Price
|
Jan. 31, 2011 | Term | 2% | 100.734
|
|
Series 2010B-2
|
Maturity | Type | Coupon | Price
|
April 29, 2011 | Term | 2% | 100.904
|
|
Series 2010B-3
|
Maturity | Type | Coupon | Price
|
April 29, 2011 | Term | 2% | 100.863
|
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