New Issue: Port of Portland, Ore., prices $90.97 million of airport revenue bonds

By Sheri Kasprzak

New York, Sept. 5 – The Port of Portland, Ore., prices $90.97 million of series 22 revenue bonds for the Portland International Airport, according to a pricing sheet.

The bonds (/AA-/) were sold through BofA Merrill Lynch and Goldman, Sachs & Co.

The bonds are due 2019 to 2034 with term bonds due in 2039 and 2044. The serial coupons range from 4% to 5%. The 2039 bonds have a 5% coupon priced at 110.655, and the 2044 bonds have a 5% coupon priced at 110.224.

Proceeds will be used to construct, equip, acquire and install improvements to the airport terminal and share infrastructure.

Issuer:	Port of Portland, Ore./Portland International Airport
Issue:	Series 22 revenue bonds
Amount:	$90.97 million
Type:	Negotiated
Underwriters:	BofA Merrill Lynch and Goldman, Sachs & Co. (lead)
Rating:	Standard & Poor’s: AA-
Pricing date:	Sept. 4
Settlement date:	Sept. 25
Amount	Maturity	Type	Coupon	Price
$1,825,000	2019	Serial	4%	111.457
$1.9 million	2020	Serial	5%	116.913
$1,995,000	2021	Serial	5%	117.511
$2.09 million	2022	Serial	5%	117.854
$2,195,000	2023	Serial	5%	118.1
$2,305,000	2024	Serial	5%	118.493
$2.42 million	2025	Serial	5%	117.559
$2,545,000	2026	Serial	5%	116.542
$2.62 million	2027	Serial	5%	115.809
$2.75 million	2028	Serial	5%	115.081
$2.89 million	2029	Serial	5%	114.449
$3.03 million	2030	Serial	5%	113.91
$3,185,000	2031	Serial	5%	113.375
$3,345,000	2032	Serial	5%	112.842
$3.51 million	2033	Serial	5%	112.401
$3,685,000	2034	Serial	5%	111.961
$21,385,000	2039	Term	5%	110.655
$27,295,000	2044	Term	5%	110.224

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