Oregon Department of Transportation defeases highway user tax bonds

By Tali Rackner

Norfolk, Va., Jan. 27 – The State of Oregon Department of Transportation defeased its series 2009A highway user tax revenue senior-lien bonds, according to a notice.

The following will be redeemed at par plus accrued interest on May 15, 2019:

• $1,325,000 of bonds due Nov. 15, 2022;

• $15,765,000 of bonds due Nov. 15, 2025;

• $16.52 million of bonds due Nov. 15, 2026;

• $17,325,000 of bonds due Nov. 15, 2027;

• $18.18 million of bonds due Nov. 15, 2028;

• $19.1 million of bonds due Nov. 15, 2029; and

• $86.71 million of bonds due Nov. 15, 2033.

The Bank of New York Mellon Trust Co., NA is the escrow agent.

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