Oregon coordinates $642.78 million offering of tax anticipation notes

By Sheri Kasprzak

New York, July 29 - The State of Oregon plans to price $642,775,000 of series 2013A full faith and credit tax anticipation notes during the week of July 29, according to a preliminary official statement.

The notes (MIG 1/SP-1+/F1+) will be sold on a negotiated basis with BofA Merrill Lynch and Citigroup Global Markets Inc. with Barclays, Goldman, Sachs & Co. and J.P. Morgan Securities LLC as the co-managers.

The notes are due July 31, 2014.

Proceeds will be used to meet seasonal cash needs for the state ahead of the collection of certain taxes.

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