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
|
| Issue: | Series 2011 tax anticipation notes
|
| Amount: | $200 million
|
| Type: | Competitive
|
| Underwriter: | Bank of America Merrill Lynch
|
| Maturity: | Jan. 27, 2012
|
| Coupon: | 2%
|
| Price: | 100.939
|
| Yield: | 0.12%
|
| Rating: | Moody's: MIG1
|
| Pricing date: | July 21
|
| Settlement date: | July 27
|
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