Oregon Health and Science organizes $142.93 million revenue bond sale

By Sheri Kasprzak

New York, April 19 - The Oregon Health and Sciences University is expected to bring to market $142,925,000 of series 2012A revenue bonds, according to a preliminary official statement.

The bonds (A1/A+/A+) will be sold on a negotiated basis with Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC as the senior managers. The co-managers are Bank of America Merrill Lynch, Loop Capital Markets LLC and US Bancorp.

The maturity dates have not been set.

Proceeds will be used to purchase and cancel a portion of the university's series 1998A-B and 2002B auction-rate bonds, finance capital improvements to the university and refund its outstanding 1995, 1998A, 2002A and 2009B-1 bonds.

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