By Sheri Kasprzak
New York, July 26 - The Miami-Dade County School District of Florida sold $200 million of series 2011 tax anticipation notes, according to a pricing sheet.
The notes (MIG1) were sold competitively with Bank of America Merrill Lynch winning the bid.
The notes are due Jan. 27, 2012 and have a 2% coupon priced at 100.939 to yield 0.12%.
Proceeds will be used to fund capital requirements ahead of the collection of ad valorem taxes.
Issuer: | Miami-Dade County School District
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Issue: | Series 2011 tax anticipation notes
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Amount: | $200 million
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Type: | Competitive
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Underwriter: | Bank of America Merrill Lynch
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Maturity: | Jan. 27, 2012
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Coupon: | 2%
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Price: | 100.939
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Yield: | 0.12%
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Rating: | Moody's: MIG1
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Pricing date: | July 21
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Settlement date: | July 27
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