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Oregon to price $177.92 million of G.O. bonds in four tranches
By Cristal Cody
Tupelo, Miss., April 25 - The State of Oregon intends to sell $177.92 million in an offering of four tranches of general obligation bonds (Aa1/AA+/AA+), according to a preliminary official statement.
The deal includes $49.69 million of series 2011E bonds, $6.29 million of series 2011F bonds, $52.185 million of series 2011G bonds and $69.755 million of series 2011 H bonds.
The series 2011E bonds have serial maturities from 2012 through 2031 and terms due 2036 and 2041.
The series 2011F bonds have serial maturities from 2012 through 2017. The series 2011G bonds have serial maturities from 2017 through 2031 and terms due 2036 and 2041.
The series 2011H bonds have serial maturities from 2012 through 2031 and terms due 2036 and 2041.
The tranches will price via a negotiated sale led by senior managers Merrill Lynch and Citigroup Global Markets Inc.
Co-managers are Fidelity Capital Markets LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. Inc. and RBC Capital Markets Corp.
Proceeds will be used to finance projects within the Oregon University System.
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