New Issue: Oregon Department of Transportation sells $383.1 million revenue bonds

By Sheri Kasprzak

New York, Jan. 14 – The Oregon Department of Transportation priced $383,145,000 of series 2015A tax-exempt highway user tax refunding revenue bonds, according to a pricing sheet.

The bonds were sold through senior managers Morgan Stanley & Co. LLC and Citigroup Global Markets Inc.

The bonds are due 2019 and 2022 and 2025 to 2033 with 4% to 5% coupons.

Proceeds will be used to refund existing highway user tax revenue bonds.

Issuer:	Oregon Department of Transportation
Issue:	Series 2015A tax-exempt highway user tax refunding revenue bonds
Amount:	$383,145,000
Type:	Negotiated
Underwriters:	Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. (lead), BofA Merrill Lynch, Fidelity Capital Markets LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC, Piper Jaffray & Co., Wells Fargo Securities LLC and Williams Capital Group LP (co-managers)
Pricing date:	Jan. 14
Settlement date:	Jan. 27
Amount	Maturity	Type	Coupon	Price
$1.88 million	2019	Serial	4%	113.621
$1.33 million	2022	Serial	4%	117.451
$15.2 million	2025	Serial	5%	127.187
$15.96 million	2026	Serial	5%	125.966
$31,295,000	2027	Serial	5%	125.26
$51.5 million	2028	Serial	5%	124.459
$54,145,000	2029	Serial	5%	124.061
$58.71 million	2030	Serial	5%	123.467
$61.72 million	2031	Serial	5%	122.974
$71.4 million	2032	Serial	4%	110.761
$20,005,000	2033	Serial	4%	110.309

© 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.