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.
Issue:	Series 2012-13 tax and revenue anticipation notes
Amount:	$50 million
Maturity:	July 2, 2013
Coupon:	2%
Price:	101.782
Type:	Negotiated
Underwriters:	Citigroup Global Markets Inc. (lead)
Ratings:	Moody's: MIG 1
	Standard & Poor's SP-1+
Pricing date:	June 7
Settlement date:	July 3

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