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Published on 6/3/2010 in the Prospect News Municipals Daily.

New Issue: San Diego County and San Diego County School Districts sell $264.75 million TRANs

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
Amount:$264.745 million
Type:Negotiated
Underwriters:RBC Capital Markets Corp. and De La Rosa & Co.
Rating:Standard & Poor's: SP-1+
Pricing date:June 3
Settlement date:July 1
Series 2010A
MaturityTypeCouponPrice
June 30, 2011Term2%101.61
Series 2010B-1
MaturityTypeCouponPrice
Jan. 31, 2011Term2%100.734
Series 2010B-2
MaturityTypeCouponPrice
April 29, 2011Term2%100.904
Series 2010B-3
MaturityTypeCouponPrice
April 29, 2011Term2%100.863

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