District of Columbia - Retail Order Period
February 1, 2009$445,090,000 - District of Columbia Merrill Lynch & Co. Here are the Preliminary Price ideas for The DISTRICT OF COLUMBIA. - Please remember this is only an idea. - These figures will change up until the pricing of the issue. - Your orders are not guaranteed to be filled.
$445,090,000*
DISTRICT OF COLUMBIA
INCOME TAX SECURED REVENUE BONDS
SERIES 2009 A AND B
WE WILL RUN A RETAIL ORDER PERIOD TODAY, MARCH 10, 2009
UNTIL 4PM EASTERN.
PLEASE USE THE FOLLOWING RETAIL SCALE:
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$310,000,000*
INCOME TAX SECURED REVENUE BONDS
SERIES 2009A
MOODY'S: Aa2
S&P: AAA
FITCH: AA
DATED: 03/19/2009
FIRST COUPON: 06/01/2009
DUE: 12/01 on the following maturity years.
MATURITY AMOUNT* COUPON YIELD
12/01/2010 7,030M 3.00 % 1.32
12/01/2011 7,205M 3.00 % 1.97
12/01/2012 7,425M 5.00 % 2.25
12/01/2013 7,650M 4.00 % 2.66
12/01/2014 7,925M 5.00 % 3.05
12/01/2015 8,250M 4.00 % 3.26
12/01/2016 8,585M 5.00 % 3.49
12/01/2017 8,980M 5.00 % 3.67
12/01/2018 9,440M 5.00 % 3.84
12/01/2019 9,925M 4.00 % 4.05
12/01/2020 10,435M 5.00 % 4.29
(Approx. $ Price to call 12/01/2019 106.034)
12/01/2021 10,970M 4.25 % 4.45
12/01/2022 11,530M 4.50 % 4.59
12/01/2023 12,125M 4.625 % 4.72
12/01/2024 12,745M 4.75 % 4.83
12/01/2025 13,400M 4.75 % 4.90
12/01/2026 14,085M 5.00 % 4.95
(Approx. $ PTC 12/01/2019 100.404)
12/01/2027 14,810M 5.00 % 4.99
(Approx. $ PTC 12/01/2019 100.074)
12/01/2028 15,570M 5.00 % 5.08
12/01/2029 16,365M 5.00 % 5.16
12/01/2034 95,550M 5.25 % 5.32
CALL FEATURES: Optional call in 12/01/2019 @ 100.00
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$135,090,000*
INCOME TAX SECURED REVENUE REFUNDING BONDS
SERIES 2009 B
MOODY'S: Aa2
S&P: AAA
FITCH: AA
DATED: 03/19/2009
FIRST COUPON: 06/01/2009
DUE: 12/01
MATURITY AMOUNT* COUPON YIELD
12/01/2020 8,550M 4.125 % 4.29
12/01/2021 15,930M 5.00 % 4.45
(Approx. $ PTC 12/01/2019 104.635)
12/01/2022 16,680M 5.00 % 4.59
(Approx. $ PTC 12/01/2019 103.429)
12/01/2023 17,320M 5.00 % 4.72
(Approx. $ PTC 12/01/2019 102.324)
12/01/2024 18,025M 5.00 % 4.83
(Approx. $ PTC 12/01/2019 101.4 )
12/01/2025 18,775M 5.00 % 4.90
(Approx. $ PTC 12/01/2019 100.817)
12/01/2026 19,520M 5.25 % 4.95
(Approx. $ PTC 12/01/2019 102.461)
12/01/2027 20,290M 5.25 % 4.99
(Approx. $ PTC 12/01/2019 102.127)
CALL FEATURES: Optional call in 12/01/2019 @ 100.00
* - APPROXIMATE SUBJECT TO CHANGE
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PRIORITY OF ORDERS AS FOLLOWS:
1. Washington D.C. Retail
2. National Retail
The compliance addendum MSRB Rule G-11 will apply.
The award is expected on Thursday, March 12, 2009.
Delivery is expected on March 19, 2009.
This issue is book entry through DTC.
Call any of the firms below if you are interested in
learning more about these bonds:
Underwriters:
Merrill Lynch & Co. - (800) 825-1521
Barclays Capital - (888) 227-2275
Morgan Stanley - (800) 745-2451
Siebert Brandford Shank & Co. - (800) 334-6800
Citi - (800) 424-3209
Goldman, Sachs & Co. - (800) 323-5678
J.P. Morgan - (888) 299-7553
Loop Capital Markets, LLC - (800) 894-0506
M.R. Beal & Company - (800) 451-9702
RBC Capital Markets - (800) 368-3880
Raymond James & Associates, Inc. - (877) 295-9116
Wachovia Securities - (800) 368-5620
This announcement does not constitute an offer to sell or the solicitation of an offer to buy these securities. The official offering may be made by the final Official Statement. The information below is subject to the information in the Final Official Statement.
A "RETAIL" ORDER IS DEFINED AS AN ORDER PLACED FOR THE
ACCOUNT OF AN INDIVIDUAL, BANK TRUST AND INVESTMENT ADVISOR
ACTING ON BEHALF OF AN INDIVIDUAL, WITH A MAXIMUM OF 1000M
PER ACCOUNT.
ORDERS IN EXCESS OF $1 million WILL BE SUBJECT TO
VERIFICATION BY THE DISTRICT AND MERRILL LYNCH & CO.
ALL RETAIL ORDERS MAY BE SUBJECT TO VERIFICATION
DURING OR AFTER THE RETAIL ORDER PERIOD.
