New Issue: Oregon Facilities Authority prices $108.61 million of revenue bonds for Lewis & Clark

By Sheri Kasprzak

New York, March 10 - The Oregon Facilities Authority sold $108.61 million of series 2011A revenue bonds for Lewis & Clark College, said an official statement.

The bonds (A3/A-/) were sold through Prager, Sealy & Co. LLC.

The bonds are due 2015 to 2021 with term bonds due 2024, 2027, 2030, 2036 and 2041. The serial bonds have 4% coupons. The 2024 bonds have a 5.25% coupon to yield 4.9%. The 2027 bonds have a 5% coupon to yield 5.19%. The 2030 bonds have a 5.25% coupon to yield 5.4%. The 2036 bonds have a 5.625% coupon to yield 5.7%, and the 2041 bonds have a 5.75% coupon to yield 5.75%.

Proceeds will be used to construct educational facilities at Lewis & Clark College, as well as to refund the authority's series 2008 bonds.

Issuer:	Oregon Facilities Authority/Lewis & Clark College
Issue:	Series 2011A revenue bonds
Amount:	$108.61 million
Type:	Negotiated
Underwriter:	Prager, Sealy & Co. LLC
Ratings:	Moody's: A3
	Standard & Poor's: A-
Pricing date:	March 10
Settlement date:	March 29
Amount	Maturity	Type	Coupon	Yield
$580,000	2015	Serial	4%	2.81%
$600,000	2016	Serial	4%	3.06%
$625,000	2017	Serial	4%	3.33%
$650,000	2018	Serial	4%	3.61%
$680,000	2019	Serial	4%	3.85%
$1.44 million	2020	Serial	4%	4.08%
$1.495 million	2021	Serial	4%	4.30%
$4.96 million	2024	Term	5.25%	4.90%
$8.36 million	2027	Term	5%	5.19%
$10.66 million	2030	Term	5.25%	5.40%
$33.8 million	2036	Term	5.625%	5.70%
$44.76 million	2041	Term	5.75%	5.75%

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