By Sheri Kasprzak
New York, June 4 - Ventura County, Calif., sold $136.87 million of series 2012-13 tax and revenue anticipation notes, said a pricing sheet.
The notes (MIG 1/SP-1+/) were sold competitively with J.P. Morgan Securities LLC winning the bid, said Paul Derse, the county's chief financial officer.
The notes are due July 1, 2013, and bear interest at 2.5% priced at 102.31.
Proceeds will be used to finance general capital needs for the county during the 2012-13 fiscal year ahead of the collection of taxes and revenues.
Issuer: | Ventura County, Calif.
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Issue: | Series 2012-13 tax and revenue anticipation notes
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Amount: | $136.87 million
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Maturity: | July 1, 2013
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Coupon: | 2.5%
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Price: | 102.31
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Type: | Competitive
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Underwriter: | J.P. Morgan Securities LLC (winner)
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Ratings: | Moody's: MIG 1
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| Standard & Poor's: SP-1+
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Pricing date: | June 4
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Settlement date: | July 2
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