Recent Bond Issues

Program: State Personal Income Tax Revenue Bonds (State Facilities and Equipment)

Series: 2007C

Par Amount: $321,710,000

Closing Date: October 25, 2007

Dated Date: October 25, 2007

Interest Payment Dates: March 15 and September 15, commencing March 15, 2008

Final Maturity: March 15, 2037

Call Provisions: 3/15/18 @ 100

Ratings: Standard & Poor’s: AAA; Fitch Ratings: AA-

Credit Type: Pledge of certain payments payable from amounts deposited into the Revenue Bond Tax Fund

Purpose: New money issue to assist in the financing of certain correctional and youth facilities, State office buildings and other structures, public protection facilities, equipment acquisitions and machinery, equipment, and infrastructure projects.

Underwriters: Bonds awarded by competitive bid to a group of underwriters led by Merrill Lynch & Co.

Financial Advisor: Public Resources Advisory Group

Bond Counsel: Orrick, Herrington & Sutcliffe LLP

Trustee: The Bank of New York
 

Program: Service Contract Revenue Refunding Bonds

Series: Series 2007A

Par Amount: $273,210,000

Closing Date: October 5, 2007

Dated Date: October 5, 2007

Interest Payment Dates: January 1 and July 1, commencing January 1, 2008

Final Maturity: January 1, 2029

Call Provisions: 1/1/18 @ 100

Ratings: Standard & Poor’s: Insured AAA; Uninsured AA-;
Fitch Ratings: Insured AAA; Uninsured A+

Credit Type: Legislative Appropriation

Purpose: Economic refunding of various issues supported by State appropriations.

Senior Managers: RBC Capital Markets; Loop Capital Markets, LLC

Co-Senior Managers: Banc of America Securities LLC; Bear, Stearns & Co., Inc.; Citi; Goldman, Sachs & Co.; Lehman Brothers; Merrill Lynch & Co.; Morgan Stanley; UBS Investment Bank

Co-Managers: A.G. Edwards; First Albany Capital; JPMorgan; KeyBanc Capital Markets; LaSalle Financial Services, Inc.; M.R. Beal & Company; Prager, Sealy & Co.; Ramirez & Co., Inc.; Raymond James & Associates; Roosevelt & Cross Incorporated; Siebert Brandford Shank & Co. LLC; Wachovia Bank, National Association

Trustee: Manufacturers & Traders Trust Company

Program: State Personal Income Tax Revenue Bonds (Economic Development and Housing)

Series: 2007A

Par Amount: $40,760,000

Closing Date: March 15, 2007

Dated Date: March 15, 2007

Interest Payment Dates: June 15 and December 15, commencing June 15, 2007

Final Maturity: December 15, 2022

Call Provisions: 12/15/16 @ 100

Ratings: Standard & Poor’s: AAA; Fitch Ratings: AA-

Credit Type: Pledge of certain payments payable from amounts deposited into the Revenue Bond Tax Fund

Purpose: New money issue to assist in the financing of economic development projects, the Queens Stadium Project and other NY State-supported financing activities.

Lead Senior Managers: Morgan Stanley; Merrill Lynch & Co.; Lehman Brothers; Bear, Stearns & Co. Inc.

Special Senior Managers: Citigroup; UBS Investment Bank

Co-Senior Managers: First Albany Capital Inc.; JP Morgan

Special Co-Managers: M.R. Beal; Ramirez & Co.; Raymond James & Associates; Roosevelt & Cross, Inc.

Co-Managers: A.G. Edwards & Sons; Banc of America Securities LLC; Jackson Securities; Siebert Brandford Shank

Trustee: The Bank of New York

Program: State Personal Income Tax Revenue Bonds (State Facilities and Equipment)

Series: 2007B

Par Amount: $315,990,000

Closing Date: March 15, 2007

Dated Date: March 15, 2007

Interest Payment Dates: March 15 and September 15, commencing September 15, 2007

Final Maturity: March 15, 2037

Call Provisions: 3/15/17 @ 100

Ratings: Standard & Poor’s: AAA; Fitch Ratings: AA-

Credit Type: Pledge of certain payments payable from amounts deposited into the Revenue Bond Tax Fund

Purpose: New money issue to assist in the financing of certain correctional and youth facilities, State police projects, military and naval projects, State office buildings and other structures, and equipment projects.

Lead Senior Managers: Morgan Stanley; Merrill Lynch & Co.; Lehman Brothers; Bear, Stearns & Co. Inc.

Special Senior Managers: Citigroup; UBS Investment Bank

Co-Senior Managers: First Albany Capital Inc.; JP Morgan

Special Co-Managers: M.R. Beal; Ramirez & Co.; Raymond James & Associates; Roosevelt & Cross, Inc.

Co-Managers: A.G. Edwards & Sons; Banc of America Securities LLC; Jackson Securities; Siebert Brandford Shank

Trustee: The Bank of New York