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RE: $3,490,295,000* STATE OF CALIFORNIA ECONOMIC RECOVERY BONDS REFUNDING SERIES 2009A REFUNDING SERIES 2009B $2,990,295,000* Series 2009 A MOODY'S: A1 S&P: A+ FITCH: A Preliminary DATED:11/05/2009 FIRST COUPON:01/01/2010 DUE: 07/01 ADD'L TAKEDOWN MATURITY AMOUNT* COUPON PRICE ( Pts ) 07/01/2010 3,000M SEALED BID 07/01/2011 11,330M SEALED BID 07/01/2012 11,540M SEALED BID 07/01/2013 16,930M 3.00% 2.55 3/8 (Approx. $ Price 101.559) 07/01/2014 16,735M 3.25% 3.08 3/8 (Approx. $ Price 100.729) 07/01/2015 11,510M 4.00% 3.59 3/8 (Approx. $ Price 102.077) 07/01/2016 65,000M 4.00% 100.00 1/2 07/01/2016 64,115M 5.00% 4.00 1/2 (Approx. $ Price 105.787) 07/01/2017 85,000M 4.25% 4.30 1/2 (Approx. $ Price 99.671) 07/01/2017 85,935M 5.00% 4.30 1/2 (Approx. $ Price 104.519) 07/01/2018 589,345M NRO 07/01/2019 200,000M 4.60% 4.65 5/8 (Approx. $ Price 99.608) 07/01/2019 320,935M 5.00% 4.65 5/8 (Approx. $ Price 102.691) 07/01/2020 504,035M NRO 07/01/2021 514,115M NRO 07/01/2022 490,270M 5.00% 100.00 5/8 07/01/2023 500M NRO --------------------------------------- CALL FEATURES: Optional call in 07/01/2019 @ 100.00 EXCEPT: 07/01/2022 Optional call in 07/01/2016 @ 100.00 --------------------------------------- $500,000,000* Series 2009 B MOODY'S: A1 S&P: A+ FITCH: A Preliminary DATED:11/05/2009 FIRST COUPON:01/01/2010 DUE: 07/01 PUT/TENDER ADD'L MATURITY DATE AMOUNT* COUPON PRICE TAKEDOWN ( Pts ) 07/01/2023 07/01/2014 100,000M 3.50% 100.00 0.45 Mandatory Tender 07/01/2023 07/01/2014 100,000M 4.00% 3.50 0.45 (Approx. $ Price 102.127) Mandatory Tender 07/01/2023 07/01/2014 300,000M 5.00% 3.50 0.45 (Approx. $ Price 106.388) Mandatory Tender --------------------------------------- CALL FEATURES: No optional call prior to Mandatory Tender Date * - APPROXIMATE SUBJECT TO CHANGE Order period until today 8:00 PM, Eastern, Tuesday, 10/27/09. Please use Electronic Order Entry to enter orders or call (212) 528-1061 . The managers reserve the right to terminate or extend the order period prior to or later than the above-mentioned time and date and to confirm bonds at their discretion. Priority of Orders: Retail Order Period Orders placed during the Retail Order Period will be filled according to the following priority: 1. California Retail Orders 2. National Retail Orders The investor's zip code must be included with all Retail Orders submitted. Definition of Retail Order A Retail Order is defined as an order placed for an account of an individual, or a bank trust, investment advisor or money manager acting on behalf of an individual, with a maximum of $1,000,000 per account. Orders in excess of $1,000,000 may be submitted but will be subject to verification by the STO and the Senior Managers. The investor's zip code must be included with all Retail Orders submitted. All Managers and Selling Group Members agree that they will only submit Retail Orders that are on behalf of legitimate retail accounts held at the firm and that the STO and its Agents have the right during and after the ROP to audit any order to verify that such order represents a legitimate Retail Order. If the STO determines that a firm has submitted a non-legitimate Retail Order, the STO may, at its sole discretion: (i) exclude the firm from future transactions; (ii) disallow the takedown associated with such order; (iii) cancel the order; and/or (iv) take any other action deemed appropriate by the STO. Members of the Selling Group may submit Retail Orders during the Retail Order Period and the Institutional Order Period. Selling Group members may not be designated on a priority institutional order The compliance addendum MSRB Rule G-11 will apply. The Award is expected on Thursday, October 29, 2009. Delivery is firm for Thursday, November 5, 2009. This Issue is book entry. This issue is clearing through DTC.
California Municipal News:
Riverside County is a county located in the southeastern part of the U.S. state of California, stretching from Orange County to the Colorado River, which forms the border with Arizona. The County derives its name from the city of Riverside, which is the county seat.
Riverside County is part of the Southern California Inland Empire region, also referred to as the Riverside-San Bernardino Metropolitan Area. The population of Riverside County was 1,545,387 in 2000, and by 2008 the U.S. Census Bureau estimated the population had risen to 2,100,516.
Geographically, the county is mostly desert. Most of Joshua Tree National Park is located in the county. Riverside County lies inland of Los Angeles, and south of San Bernardino. Large numbers of Los Angeles workers have moved to the county in recent years to take advantage of relatively affordable housing. Alongside neighboring San Bernardino County, it was one of the fastest growing parts of the Inland Empire prior to the recent changes in the regional economy. This spawned a wave of toll road construction in the area in the 1990s, starting with the addition of toll commuter lanes to the State Route 91 freeway, the main traffic artery to the western metropolitan area. In addition, smaller, but significant, numbers of people have been moving into southern Riverside County from the San Diego metropolitan area. The cities of Temecula and Murrieta account for 20% of increase in population of Riverside County between 2000 and 2007.
The famous resorts of the Coachella Valley such as Indian Wells, La Quinta, Rancho Mirage, Palm Springs and Palm Desert are located in Riverside County. Indio is the center of an important date growing region.
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|Riverside County, California|
Location in the state of California
California’s location in the U.S.
|7,303 sq mi (18,915 km²)
7,207 sq mi (18,667 km²)
96 sq mi (248 km²), 1.31%
215/sq mi (83/km²)
|Named for: Riverside, California|