By Sheri Kasprzak
New York, Aug. 15 - The San Francisco Unified School District of California released additional information on its $85 million sale of series 2012A tax and revenue anticipation notes, said a pricing sheet.
The notes were sold competitively with Citigroup Global Markets Inc. winning the bid, said Heidi Anderson, spokeswoman for the district. The true interest cost came in at 0.196969%.
The notes are due June 28, 2013 and have a 2% coupon priced at 101.51.
Proceeds will be used to provide funds to address periodic cash flow deficits in the general fund.
| Issuer: | San Francisco Unified School District
|
| Issue: | Series 2012A tax and revenue anticipation notes
|
| Amount: | $85 million
|
| Maturity: | June 28, 2013
|
| Coupon: | 2%
|
| Price: | 101.51
|
| Type: | Competitive
|
| Underwriter: | Citigroup Global Markets Inc. (winner)
|
| TIC: | 0.196969%
|
| Pricing date: | Aug. 14
|
| Settlement date: | Aug. 27
|
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