By Sheri Kasprzak
New York, July 12 - The Charleston County School District of South Carolina sold $69 million of series 2011 tax anticipation notes Tuesday, according to a pricing sheet.
The notes (MIG 1) were sold competitively. Calls to the district for the winning bidder were not returned Tuesday.
The notes are due April 1, 2012 and have a 2.5% coupon priced at 101.636.
Proceeds will be used to finance general fund requirements for the coming fiscal year ahead of the receipt of ad valorem taxes and state funds.
| Issuer: | Charleston County School District
|
| Issue: | Series 2011 tax anticipation notes
|
| Amount: | $69 million
|
| Maturity: | April 1, 2012
|
| Coupon: | 2.5%
|
| Price: | 101.636
|
| Type: | Competitive
|
| Rating: | Moody's: MIG 1
|
| Pricing date: | July 12
|
| Settlement date: | July 20
|
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