By Sheri Kasprzak
New York, June 24 - The State of Oregon priced Thursday $838.01 million in series 2010A full faith and credit tax anticipation notes, said a term sheet.
The 2% notes were not formally reoffered. The notes (MIG 1/SP-1+/F1+) are due June 30, 2011.
Citigroup Global Markets Inc. and Bank of America Merrill Lynch were the senior managers.
Proceeds will be used to meet the state's seasonal cash flow needs.
| Issuer: | State of Oregon
|
| Issue: | Series 2010A full faith and credit tax anticipation notes
|
| Amount: | $838.01 million
|
| Type: | Negotiated
|
| Maturity: | June 30, 2011
|
| Coupon: | 2%
|
| Underwriters: | Citigroup Global Markets Inc. and Bank of America Merrill Lynch
|
| Ratings: | Moody's: MIG 1
|
| Standard & Poor's: SP-1+
|
| Fitch: F1+
|
| Pricing date: | June 24
|
| Settlement date: | July 1
|
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