Portland to convert its series 1999D auction-rate bonds

By Sheri Kasprzak

New York, April 9 - Portland, Ore., plans to convert its series 1999D bonds, according to a notice of conversion released Wednesday.

The bonds will be converted to a fixed-rate mode from an auction-rate mode, the notice said.

The conversion is set to take place on April 22.

The bonds, sold on Nov. 10, 1999, are due June 1, 2019 and will be converted at par.

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