Oregon prepares $92.13 million community college project G.O. bonds

By Sheri Kasprzak

New York, April 7 – The State of Oregon is set to hit the market with $92,125,000 of series 2015 community college project general obligation bonds, according to a preliminary official statement.

The bonds (Aa1/AA+/AA+) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the lead manager. The co-managers are D.A. Davidson & Co., Fidelity Capital Markets Inc., U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC.

The offering includes $56.04 million of series 2015J tax-exempt bonds, $32.44 million of series 2015K tax-exempt refunding bonds and $3,645,000 of series 2015L taxable bonds.

The 2015J bonds are due 2017 to 2039 and the 2015K bonds are due 2015 to 2037. The 2015L bonds are due 2015 to 2017.

Proceeds will be used to finance grants to nine community college districts in the state.

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