Published on 6/7/2012 in the Prospect News Municipals Daily.
New Issue: Santa Cruz County, Calif., prices $50 million of 2% TRANs at 101.782
By Sheri Kasprzak
New York, June 7 - Santa Cruz County, Calif., sold $50 million of series 2012-13 tax and revenue anticipation notes, said a pricing sheet.
The notes (MIG 1/SP-1+/) were sold through lead manager Citigroup Global Markets Inc.
The notes are due July 2, 2013, and bear interest at 2% priced at 101.782.
Proceeds will be used to finance county expenses ahead of the collection of taxes and revenues.
Issuer: | Santa Cruz County, Calif.
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Issue: | Series 2012-13 tax and revenue anticipation notes
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Amount: | $50 million
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Maturity: | July 2, 2013
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Coupon: | 2%
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Price: | 101.782
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Type: | Negotiated
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Underwriters: | Citigroup Global Markets Inc. (lead)
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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 7
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Settlement date: | July 3
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