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2010A SECOND GENERAL DEDICATED HIGHWAY AND BRIDGE TRUST FUND BONDS
NOTE: Series 2010B will be used should a taxable BABs issuance occur in conjunction with a tax- exempt issuance
Par Amount: TBD
New Money Generated: $ 600,000,000 (estimated)
Closing Date: March 17, 2010 (expected)
Dated Date: March 17, 2010 (expected)
First Maturity: 04/01/2011
Final Maturity: 04/01/2030
Interest Payment Dates: April 1 and October 1, commencing October 1, 2010
Call Provisions: TBD
TIC (True Interest Cost): TBD
Purpose of Issue: To provide funds to reimburse the State for certain expenditures made or to be made by the State Department of Transportation in connection with the State’s Multi- Year Highway and Bridge Capital Program.
Security: The bonds are payable from and secured by revenues of the Dedicated Highway and Bridge Trust Fund held in the joint custody of the Commissioner of Taxation and Finance and the State Comptroller, subject to appropriation by the State Legislature.
Pricing Dates:
Retail – 03/08/2010 (expected)
Institutional – 03/09/2010 (expected)
Insured By: TBD
Ratings:
S&P = AA (expected)
Fitch = AA- (expected)
Bookrunner: RBC Capital Markets
Co- Coordinating Manager: M.R. Beal & Company
Senior Managers:
BofA Merrill Lynch
Citi
Jefferies & Company
Co- Managers:
Fidelity Capital Markets
KeyBanc Capital Markets
Loop Capital Markets, LLC
Morgan Keegan
Stifel, Nicolaus & Co.
Stone & Youngberg
Bond Counsel: Hawkins Delafield & Wood LLP
Underwriters’ Counsel: Hiscock & Barclay, LLP
Financial Advisor: First Southwest Company
Trustee: The Bank of New York Mellon
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