Oregon Department of Veterans Affairs to price $50 million fixed-, variable-rate bonds

By Cristal Cody

Springdale, Ark., June 6 - The Oregon Department of Veterans Affairs plans to price a portion of its $50 million general obligation bonds on Wednesday and the remaining portion on June 23, the issuer told Prospect News.

About $11 million of the series 90A bonds will price on Wednesday with a fixed interest rate as a way to hedge any risk, said Larry Groth, assistant director for the state's debt division.

The majority of the bonds will price with a variable rate on June 23, he said.

J.P. Morgan Securities Inc. will manage the negotiated sales.

Proceeds will be used for veterans' home loans.

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