Oregon arranges $75.86 million offering of general obligation bonds

By Sheri Kasprzak

New York, Oct. 21 - The State of Oregon plans to price $75,855,000 of series 2013 general obligation bonds, according to a preliminary official statement.

The bonds (Aa1/AA+/AA+) will be sold through senior managers J.P. Morgan Securities LLC, BofA Merrill Lynch and Citigroup Global Markets Inc. The co-managers are Fidelity Capital Markets LLC, Morgan Stanley & Co. LLC, Piper Jaffray & Co. and Wells Fargo Securities LLC.

The offering includes $71,825,000 of series 2013L tax-exempt bonds and $4.03 million of series 2013M taxable bonds.

The 2013L bonds are due 2014 to 2033 with a term bond due in 2038.

The 2013M bonds are due 2014 to 2017.

Proceeds will be used to replace the Oregon Health Authority's Junction City Hospital, finance military department projects, finance the Department of Revenue's Core System, finance capitol master plan projects and finance the Department of Veterans' Affairs Linn County Veterans' Home.

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