New Issue: Oregon sells $590.18 million tax anticipation notes through Citi, BofA

By Sheri Kasprzak

New York, June 18 – The State of Oregon sold $590.18 million of series 2014A full faith and credit tax anticipation notes, according to a pricing sheet.

The notes (MIG1/SP-1+/F1+) were sold through senior managers Citigroup Global Markets Inc. and BofA Merrill Lynch.

The notes are due June 15, 2015 and have a 2% coupon priced at 101.789 to yield 0.12%.

Proceeds will be used to finance seasonal cash needs for the state.

Issuer:	State of Oregon
Issue:	Series 2014A full faith and credit tax anticipation notes
Amount:	$590.18 million
Maturity:	June 15, 2015
Coupon:	2%
Price:	101.789
Yield:	0.12%
Type:	Negotiated
Underwriters:	Citigroup Global Markets Inc. and BofA Merrill Lynch (lead), Barclays, Goldman Sachs & Co. and J.P. Morgan Securities LLC
Ratings:	Moody’s: MIG1
	Standard & Poor’s: SP-1+
	Fitch: F1+
Pricing date:	June 18
Settlement date:	July 2

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