GENERAL OBLIGATION

Friday, September 5,2008

The City of New York today opened its retail order period for the $700 million tax-exempt, fixed rate General Obligation bond sale announced on August 19, 2008.  The retail order period will continue on Monday, September 8th, and Tuesday, September 9th, with final pricing on Wednesday, September 10th.  The sale is being  led by book running senior manager Citi with JPMorgan, Merrill Lynch & Co, and Morgan Stanley serving as co-senior managers.