Oregon preps $68.39 million higher education G.O. bonds for Wednesday

By Sheri Kasprzak

New York, May 16 - The State of Oregon plans to price $68.39 million of series 2014 higher education general obligation bonds on Wednesday, according to a preliminary official statement.

The deal includes $63.84 million of series 2014C tax-exempt bonds and $4.55 million of series 2014D taxable bonds.

The bonds will be sold on a negotiated basis with BofA Merrill Lynch and Citigroup Global Markets Inc. The co-managers are Fidelity Capital Markets Inc.; Goldman Sachs & Co.; J.P. Morgan Securities LLC; Morgan Stanley & Co. LLC; and RBC Capital Markets LLC.

The 2014C bonds are due 2015 to 2034 with term bonds due in 2039 and 2043. The 2014D bonds are due 2015 to 2033.

Proceeds will be used to finance capital projects for the Oregon University System.

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