By Cristal Cody
Springdale, Ark., June 24 - Oregon priced $750 million tax anticipation notes with a 3% coupon to yield 1.7% on Tuesday, said Larry Groth, assistant director for the state's debt division.
The series 2008A short-term notes (MIG1/SP-1+/F-1+) are due June 30, 2009.
The true interest cost was not available.
Bank of America was the senior manager of the negotiated sale.
Proceeds will be used for cash flow management.
| Issuer: | Oregon
|
| Issue: | Tax anticipation notes
|
| Amount: | $750 million
|
| Type: | Negotiated
|
| Coupon: | 3%
|
| Yield: | 1.7%
|
| Maturity: | June 30, 2009
|
| Underwriter: | Bank of America (lead)
|
| Ratings: | Moody's: MIG1
|
| Standard & Poor's: SP-1+
|
| Fitch: F-1+
|
| Pricing date: | June 24
|
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