Press Releases
CONTACT:
Press Office
(518) 474-4015

 FOR RELEASE:

Immediately
March 7, 2007


Comptroller DiNapoli Announces
General Obligation Bonds Awarded

Series 2007A Tax-Exempt General Obligation Bonds: $158,715,000 Awarded

State Comptroller Thomas P. DiNapoli today awarded, through a competitive sale, $158,715,000 of New York State Series 2007A Tax-Exempt General Obligation Bonds to First Albany Capital Inc. The true interest cost of the winning bid was 4.143063 percent.

The other bids were submitted by: Citigroup Global Markets Inc.; Morgan Stanley & Co. Incorporated; Merrill Lynch & Company; Lehman Brothers; Banc of America Securities LLC; and UBS Securities LLC at true interest costs of 4.157229 percent, 4.183687 percent, 4.191734 percent, 4.198615 percent, 4.238210 percent and 4.255226 percent, respectively.

All bids were received via BiDCOMP competitive bidding system. The net proceeds of the Series 2007A Tax-Exempt Bonds will be used to finance capital expenditures made or anticipated to be made, during the prior, current or subsequent State fiscal years for Accelerated Capacity and Transportation Improvements of the Nineties, Clean Water/Clean Air, Environmental Quality 1986, Rebuild New York Through Transportation Infrastructure Renewal, Environmental Quality 1972, and Rebuild and Renew New York Transportation purposes.

Series 2007B Taxable General Obligation Bonds: $21,760,000 Awarded

Comptroller DiNapoli today also awarded, through a competitive sale, $21,760,000 of New York State Series 2007B Taxable General Obligation Bonds to Morgan Keegan & Company, Inc. The true interest cost of the winning bid was 5.019099 percent.

The other bids were submitted by: Citigroup Global Markets Inc.; UBS Securities LLC; Morgan Stanley & Co. Incorporated; Raymond James & Associates, Inc.; BB&T Capital Markets; Banc of America Securities LLC; Griffin, Kubik, Stephens & Thompson, Inc. and Merrill Lynch & Company at true interest costs of 5.032156 percent, 5.033922 percent, 5.040650 percent, 5.061034 percent, 5.064188 percent, 5.064899 percent, 5.095540 percent and 5.204790 percent, respectively.

All bids were received via BiDCOMP competitive bidding system. The net proceeds of the Series 2007B Taxable Bonds will be used to finance capital expenditures made or anticipated to be made, during the prior, current or subsequent fiscal years for Clean Water/Clean Air and Energy Conservation Through Improved Transportation purposes.

###

Albany Phone: (518) 474-4015 Fax: (518) 473-8940
NYC Phone: (212) 681-4840 Fax: (212) 681-7677
Internet: www.osc.state.ny.us
E-Mail: press@osc.state.ny.us