Fiscal Year 2013-2015 Special Budget Meeting

HONORABLE MAYOR AND CITY COUNCIL Subject: City of Oakland 2013-14 Tax and Revenue'Anticipation Notes Market Pricing Date: June 18, 2013 Page 2 which demonstrate the competiveness of the bids by such a tight spread in interest rates between the top bidders. $78,230,000* City of Oakland, California 2013-14 Tax and Revenue Anticipafion Notes Bid Firm True Interest Cost (TIC) RBC Capital Markets 0.17816% , Citigroup 0.18092% Wells Fargo Bank 0.1946% 4th Bank of America 0.19878% 5th Goldman Sachs 0.20009% 6^ JP Morgan 0.2009% Barclays 0.20044% Morgan Stanley 0.20394% Mitsubishi 0.20407 10^ Jefferies & Co. 0.21826% Piper Jaffray 0.28402% * Preliminary, subject to change The 2014 Notes.were issued to finance General Fund expenditures secured by future tax revenues to facilitate availability of cash flows (primarily due to the timing of the receipt of property tax revenues) including current expenses, capital expenditures and the discharge of other obligations of the City. The closing on the 2014 Notes will occur on July 2, 2013. , • Respectfully submitted. KATANO KASAINE Treasurer, Treasury Division For questions, please contact Katano Kasaine, Treasurer, at 510-238-2989.