Oregon plans to price $838.1 million tax anticipation notes Thursday

By Sheri Kasprzak

New York, June 18 - The State of Oregon plans to sell $838.1 million in series 2010A full faith and credit tax anticipation notes on Thursday, according to a preliminary official statement.

The notes (MIG1/SP-1+/F1+) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Bank of America Merrill Lynch as the senior managers. The co-managers are J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc.

The notes are due June 30, 2011.

Proceeds will be used to meet the state's seasonal cash flow needs.

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