Preliminary Pricing:
RE: $86,100,000*
ILLINOIS FINANCE AUTHORITY
REVENUE BONDS, SERIES 2008A
(EDWARD HOSPITAL OBLIGATED GROUP)
– –
MOODY’S: Aaa / A2 S&P: AAA / A+ FITCH:
AMBAC INSURED
DATED: 04/09/2008 FIRST COUPON: 08/01/2008
DUE: 02/01
TAKEDOWN
MATURITY AMOUNT* COUPON PRICE (pts)
02/01/2021 1,525M 6.00 % 4.97 0.45
(Approx. $ PTC 02/01/2018 107.912 Approx. YTM 5.148)
02/01/2022 2,650M 6.00 % 5.08 0.45
(Approx. $ PTC 02/01/2018 107.03 Approx. YTM 5.276)
02/01/2023 2,725M 6.00 % 5.18 0.45
(Approx. $ PTC 02/01/2018 106.236 Approx. YTM 5.383)
02/01/2024 2,675M 6.00 % 5.29 0.45
(Approx. $ PTC 02/01/2018 105.37 Approx. YTM 5.487)
02/01/2025 2,925M 6.00 % 5.38 0.45
(Approx. $ PTC 02/01/2018 104.669 Approx. YTM 5.568)
02/01/2026 2,875M 6.00 % 5.46 0.45
(Approx. $ PTC 02/01/2018 104.05 Approx. YTM 5.636)
02/01/2028 6,150M 6.00 % 5.57 0.45
(Approx. $ PTC 02/01/2018 103.207 Approx. YTM 5.726)
02/01/2033 8,450M 6.25 % 5.70 0.45
(Approx. $ PTC 02/01/2018 104.079 Approx. YTM 5.933)
02/01/2040 56,125M 5.625 % 5.80 0.45
(Approx. $ Price 97.462)
CALL FEATURES: Optional call in 02/01/2018 @ 100.00
SINKING FUND SCHEDULE
2033 TERM BOND
02/01/2029 975
02/01/2030 1,875
02/01/2031 1,800
02/01/2032 1,925
02/01/2033 1,875
2040 TERM BOND
02/01/2034 2,025
02/01/2035 8,150
02/01/2036 8,550
02/01/2037 8,850
02/01/2038 9,125
02/01/2039 9,525
02/01/2040 9,900
* - APPROXIMATE SUBJECT TO CHANGE
– –
Order period until 10:45 A.M., E.D.T., today, Tuesday, 04/01/08.
The manager reserves 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.
The compliance addendum MSRB Rule G-11 will apply.
The award is expected on Tuesday, April 1, 2008.
Delivery is expected on April 9, 2008.
This issue is book entry. DTC is pending.
Citigroup Global Markets Inc.
By: Citigroup Global Markets Inc. New York, NY
Tuesday, April 1, 2008 9:27AM
********************************************************************************
No Pingbacks for this post yet...
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
|---|---|---|---|---|---|---|
| << < | > >> | |||||
| 1 | 2 | 3 | 4 | |||
| 5 | 6 | 7 | 8 | 9 | 10 | 11 |
| 12 | 13 | 14 | 15 | 16 | 17 | 18 |
| 19 | 20 | 21 | 22 | 23 | 24 | 25 |
| 26 | 27 | 28 | 29 | |||
NOTE:
This section deals with current new issue sydicate and includes "SELECTED" new issue muniicpal bond scales. New issue municipal bond scales can be used as a guide for rates you should
expect to get in the secondary market. Scales are "Preliminary Pricing"only and final pricing may change from the posted levels.
This blog (MuniBuyer.com) is actually a very special blog! It brings to Municipal bond buyer the insider information that they need to make informed decisions on buying municipal bonds. Tax free bonds from David Lerner Tax-Free Municipal Bond fixed-income security offers. Search for bonds by state, maturity & credit: JB Hanauer & Co, Buy Bonds Online. Choose the Top Yields - Expert Advice and Service! www.FMSbonds.com, Schwab has fixed-income securities at competitive prices. Learn more. www.Schwab.com, Free Municipal Bond guide Everything about Bonds www.trippco.org
MuniBuyer.com is not a broker/broker-dealer/investment advisor or investment company and intended for educational purposes only. Information contained with in is beleived to be accurate, however you use this information at your own risk. Always consult your financial professional before making any investments.