Oregon Department of Transportation to sell $405.93 million bonds

By Sheri Kasprzak

New York, Oct. 4 - The Oregon Department of Transportation is set to price $405,925,000 of series 2013A tax-exempt highway user tax revenue bonds, according to a preliminary official statement.

The bonds (Aa1/AAA/AA+) will be sold on a negotiated basis with Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. as the senior managers.

The co-managers are BofA Merrill Lynch, Fidelity Capital Markets LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC and RBC Capital Markets LLC.

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

Proceeds will be used to finance approved highway projects.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.