Municipal Bond New Issues

Wednesday, October 8, 2008 9:17AM
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RE: $228,240,000*
UNIFIED GOVERNMENT OF
ATHENS-CLARKE COUNTY, GEORGIA
Water and Sewerage Revenue Bonds,
Series 2008
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Prelinminary Pricing

MOODY’S: Aa3 S&P: AA- FITCH: AA

DATED: 10/29/2008 FIRST COUPON: 01/01/2009

DUE: 01/01

[More:]

TAKEDOWN
MATURITY AMOUNT* COUPON PRICE
(pts)

01/01/2009 1,070M 3.00 % 2.53
0.3
(Approx. $ Price 100.076)
01/01/2010 3,245M 3.00 % 2.88
0.3
(Approx. $ Price 100.134)
01/01/2011 3,350M 3.10 % 3.25
0.3
(Approx. $ Price 99.685)
01/01/2012 3,460M 3.50 % 3.57
0.3
(Approx. $ Price 99.788)
01/01/2013 4,145M 4.00 % 3.79
0.3
(Approx. $ Price 100.799)
01/01/2014 4,315M 4.00 % 4.00
0.3
01/01/2015 4,490M 4.00 % 4.19
0.3
(Approx. $ Price 98.971)
01/01/2016 4,680M 4.25 % 4.37
0.3
(Approx. $ Price 99.262)
01/01/2017 4,900M 5.00 % 4.55
0.3
(Approx. $ Price 103.036)
01/01/2018 5,150M 5.00 % 4.71
0.3
(Approx. $ Price 102.133)
01/01/2019 5,415M 5.00 % 4.92
0.3
(Approx. $ Price 100.627)
01/01/2020 5,695M 5.00 % 5.13
0.3
(Approx. $ Price 98.897)
01/01/2021 5,990M 5.25 % 5.32
0.3
(Approx. $ Price 99.37 )
01/01/2022 6,310M 5.30 % 5.47
0.3
(Approx. $ Price 98.41 )
01/01/2023 6,655M 5.40 % 5.52
0.3
(Approx. $ Price 98.822)

01/01/2028 39,350M 5.625 % 5.70
0.3
(Approx. $ Price 99.123)

01/01/2033 51,805M 5.625 % 5.78
0.3
(Approx. $ Price 97.985)

01/01/2038 68,215M 5.75 % 5.80
0.3
(Approx. $ Price 99.291)

CALL FEATURES: Optional call in 01/01/2019 @ 100.00

BY LOT SINKING FUND SCHEDULE

2033 TERM BOND

01/01/2029 9,255
01/01/2030 9,775
01/01/2031 10,330
01/01/2032 10,915
01/01/2033 11,530

2038 TERM BOND

01/01/2034 12,185
01/01/2035 12,875
01/01/2036 13,600
01/01/2037 14,370
01/01/2038 15,185

* - APPROXIMATE SUBJECT TO CHANGE

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PRIORITY OF ORDERS AS FOLLOWS:
1. Georgia Retail
2. National Retail

Order period until 4:00 P.M., E.D.T., today, Wednesday, 10/08/08. Please
enter orders on (813)229-2277, or if available use Electronic Order
Entry. 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.

The compliance addendum MSRB Rule G-11 will apply.

The award is expected on Thursday, October 9, 2008.

Delivery is expected on October 29, 2008.

Citigroup Global Markets Inc.
Merrill Lynch & Co.
Wachovia Bank, National Association

By: Citigroup Global Markets Inc. New York, NY
Wednesday, October 8, 2008 9:17AM