Published on 1/18/2013 in the Prospect News Municipals Daily.
New Issue: Oregon sells $300.61 million of G.O. bonds for Oregon University System
By Sheri Kasprzak
New York, Jan. 18 - The State of Oregon sold $300.61 million of series 2013 general obligation bonds for the Oregon University System, according to a pricing sheet.
The deal included $101.07 million of series 2013A tax-exempt bonds, $130.9 million of series 2013B taxable bonds, $27,315,000 of series 2013C tax-exempt bonds and $41,325,000 of series 2013D taxable bonds.
The 2013A bonds are due 2014 to 2033 with term bonds due in 2038 and 2042. The serial coupons range from 3% to 5%. The 2038 bonds have a 3.25% coupon priced at 98.632, and the 2042 bonds have a 5% coupon priced at 119.238.
The 2013B bonds are due 2014 to 2029 with a term bond due in 2035. The serial coupons range from 0.23% to 3.577%, all priced at par. The 2035 bonds have a 4.012% coupon priced at par.
The 2013C bonds are due 2014 to 2033 with a term bond due in 2036. The serial coupons range from 2% to 4%. The 2036 bonds have a 3.125% coupon priced at 98.281.
The 2013D bonds are due 2014 to 2029 with a term bond due in 2035. The serial coupons range from 0.32% to 3.577%, all priced at par. The 2035 bonds have a 4.012% coupon priced at par.
The bonds were sold through Bank of America Merrill Lynch and Citigroup Global Markets Inc.
Proceeds will be used to finance capital projects for the university system.
| Issuer: | State of Oregon/Oregon University System
|
| Issue: | Series 2013 general obligation bonds
|
| Amount: | $300.61 million
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead), Fidelity Capital Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets LLC (co-managers)
|
| Ratings: | Moody's: Aa2
|
| Pricing date: | Jan. 17
|
| Settlement date: | Jan. 30
|
|
|
| $101.07 million series 2013A tax-exempt bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $845,000 | 2014 | Serial | 3% | 104.023
|
| $865,000 | 2015 | Serial | 3% | 106.349
|
| $3,815,000 | 2016 | Serial | 5% | 115.184
|
| $2,405,000 | 2017 | Serial | 3% | 109.911
|
| $2,495,000 | 2018 | Serial | 4% | 116.558
|
| $2,595,000 | 2019 | Serial | 5% | 124.632
|
| $6.23 million | 2020 | Serial | 4% | 119.309
|
| $6,505,000 | 2021 | Serial | 5% | 127.913
|
| $6.37 million | 2022 | Serial | 4% | 120.129
|
| $4.36 million | 2023 | Serial | 5% | 129.848
|
| $4,585,000 | 2024 | Serial | 4% | 119.01
|
| $4,775,000 | 2025 | Serial | 5% | 127.552
|
| $5,005,000 | 2026 | Serial | 5% | 126.798
|
| $4.83 million | 2027 | Serial | 5% | 126.155
|
| $8,765,000 | 2028 | Serial | 5% | 125.411
|
| $9,015,000 | 2029 | Serial | 5% | 124.777
|
| $6.99 million | 2030 | Serial | 5% | 124.146
|
| $3,045,000 | 2031 | Serial | 5% | 123.52
|
| $3,205,000 | 2032 | Serial | 3% | 99.706
|
| $1.99 million | 2033 | Serial | 3% | 98.791
|
| $8.21 million | 2038 | Term | 3.25% | 98.632
|
| $4.17 million | 2042 | Term | 5% | 119.238
|
|
|
| $130.9 million series 2013B taxable bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $2,755,000 | 2014 | Serial | 0.23% | 100
|
| $8.91 million | 2015 | Serial | 0.497% | 100
|
| $8,495,000 | 2016 | Serial | 0.89% | 100
|
| $8,385,000 | 2017 | Serial | 1.14% | 100
|
| $11,105,000 | 2018 | Serial | 1.528% | 100
|
| $11,475,000 | 2019 | Serial | 1.778% | 100
|
| $12,765,000 | 2020 | Serial | 2.027% | 100
|
| $11.19 million | 2021 | Serial | 2.227% | 100
|
| $8,645,000 | 2022 | Serial | 2.327% | 100
|
| $6,315,000 | 2023 | Serial | 2.477% | 100
|
| $5.84 million | 2024 | Serial | 2.677% | 100
|
| $6.02 million | 2025 | Serial | 2.877% | 100
|
| $6,315,000 | 2026 | Serial | 3.027% | 100
|
| $6.41 million | 2027 | Serial | 3.227% | 100
|
| $4,825,000 | 2028 | Serial | 3.427% | 100
|
| $4.99 million | 2029 | Serial | 3.577% | 100
|
| $6.46 million | 2035 | Term | 4.012% | 100
|
|
|
| $27,315,000 series 2013C tax-exempt bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $205,000 | 2014 | Serial | 2% | 102.56
|
| $210,000 | 2015 | Serial | 2% | 103.898
|
| $575,000 | 2016 | Serial | 2.5% | 106.615
|
| $1.08 million | 2017 | Serial | 3% | 109.911
|
| $1,115,000 | 2018 | Serial | 3% | 111.233
|
| $1,145,000 | 2019 | Serial | 3% | 112.16
|
| $1.18 million | 2020 | Serial | 3% | 112.21
|
| $1.22 million | 2021 | Serial | 3% | 112.053
|
| $1,255,000 | 2022 | Serial | 3% | 111.415
|
| $1.76 million | 2023 | Serial | 3% | 110.896
|
| $1,815,000 | 2024 | Serial | 3% | 109.203
|
| $1.89 million | 2025 | Serial | 4% | 117.46
|
| $1,945,000 | 2026 | Serial | 4% | 116.238
|
| $1,125,000 | 2027 | Serial | 3% | 102.626
|
| $1.16 million | 2028 | Serial | 4% | 113.935
|
| $1,205,000 | 2029 | Serial | 4% | 113.344
|
| $1,255,000 | 2030 | Serial | 4% | 112.755
|
| $1,305,000 | 2031 | Serial | 3% | 100.357
|
| $1.35 million | 2032 | Serial | 3% | 99.706
|
| $1.28 million | 2033 | Serial | 3% | 98.791
|
| $3.24 million | 2036 | Term | 3.125% | 98.281
|
|
|
| $41,325,000 series 2013D taxable bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $650,000 | 2014 | Serial | 0.32% | 100
|
| $745,000 | 2015 | Serial | 0.497% | 100
|
| $2.26 million | 2016 | Serial | 0.89% | 100
|
| $2.59 million | 2017 | Serial | 1.14% | 100
|
| $3.61 million | 2018 | Serial | 1.528% | 100
|
| $3,635,000 | 2019 | Serial | 1.778% | 100
|
| $4,135,000 | 2020 | Serial | 2.027% | 100
|
| $3.71 million | 2021 | Serial | 2.227% | 100
|
| $2,705,000 | 2022 | Serial | 2.327% | 100
|
| $2,395,000 | 2023 | Serial | 2.477% | 100
|
| $2,455,000 | 2024 | Serial | 2.677% | 100
|
| $2.53 million | 2025 | Serial | 2.877% | 100
|
| $2.6 million | 2026 | Serial | 3.027% | 100
|
| $2,685,000 | 2027 | Serial | 3.227% | 100
|
| $2,065,000 | 2028 | Serial | 3.427% | 100
|
| $2,145,000 | 2029 | Serial | 3.577% | 100
|
| $3,115,000 | 2035 | Term | 4.012% | 100
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
