Oregon planning to sell $737.27 million in tax anticipation notes

By Sheri Kasprzak

New York, July 17 - The state of Oregon is set to sell $737.27 million in series 2009A full faith and credit tax anticipation notes, according to a preliminary official statement.

The notes will be sold through Merrill Lynch & Co. Inc. and Citigroup Global Markets Inc. The co-managers are Fidelity Capital Markets Inc., Goldman, Sachs & Co., Morgan Stanley & Co. Inc. and Ramirez & Co. Inc.

The notes are due June 30, 2010.

Proceeds will be used to fund seasonal cash needs ahead of tax collection.

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