By Sheri Kasprzak
New York, June 20 - Oregon priced $200 million in series 2008A general obligation bonds on Wednesday, said an official statement released Friday.
The bonds (Aa2/AA/AA) are due from 2011 to 2018 with a term bond due 2024. The coupons for the serial bonds range from 4.35% to 5.42%, all priced at par. The term bonds have a 5.742% coupon and are also priced at par.
Citigroup Global Markets and Merrill Lynch were the senior managers for the sale with Banc of America Securities LLC and Morgan Stanley & Co. Inc. as the co-managers.
Proceeds will be used to construct an arena and related facilities at the University of Oregon.
| Issuer: | State of Oregon
|
| Issue: | Series 2008A general obligation bonds
|
| Amount: | $200 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets and Merrill Lynch (lead); Banc of America Securities LLC and Morgan Stanley & Co. Inc. (co-managers)
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Fitch: AA
|
| Pricing date: | June 18
|
| Settlement date: | June 26
|
|
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 4.35% | Par
|
| 2012 | Serial | 4.65% | Par
|
| 2013 | Serial | 4.83% | Par
|
| 2014 | Serial | 5.03% | Par
|
| 2015 | Serial | 5.13% | Par
|
| 2016 | Serial | 5.28% | Par
|
| 2017 | Serial | 5.38% | Par
|
| 2018 | Serial | 5.42% | Par
|
| 2024 | Term | 5.742% | Par
|
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