By Sheri Kasprzak
New York, June 2 - Ventura County of California sold $131 million in series 2010-11 tax and revenue anticipation notes on Wednesday, according to a pricing sheet.
The notes (MIG1/SP-1+/) were sold competitively with Goldman Sachs & Co. winning the bid. The true interest cost came in at 0.39%. Fieldman, Rolapp & Associates was the financial adviser.
The 2% notes are due July 1, 2011. The full pricing details were not immediately available.
Proceeds will fund the county's seasonal cash flow requirements for the fiscal year ended June 30, 2011.
| Issuer: | Ventura County, Calif.
|
| Issue: | Series 2010-11 tax and revenue anticipation notes
|
| Amount: | $131 million
|
| Maturity: | July 1, 2011
|
| Coupon: | 2%
|
| TIC: | 0.39%
|
| Type: | Competitive
|
| Underwriter: | Goldman Sachs & Co. (winner)
|
| Ratings: | Moody's: MIG1
|
| Standard & Poor's: SP-1+
|
| Pricing date: | June 2
|
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