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Published on 6/1/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Oregon calls $102.17 million series B certificates of participation

By Toni Weeks

San Diego, June 1 - The State of Oregon Department of Administrative Services said it will redeem $102.165 million of series B certificates of participation 2001 on June 25.

The redemption price will be 101 plus accrued interest up to the redemption date.

The Bank of New York Mellon is the agent (800 254-2826).

The department is located in Salem, Ore.

To be redeemed are the following bonds:

• $550,000 of 4.4% bonds due May 1, 2012;

• $575,000 of 4.5% bonds due May 1, 2013;

• $7.165 million of 5.375% bonds due May 1, 2014;

• $7.55 million of 5.375% bonds due May 1, 2015;

• $7.26 million of 5.25% bonds due May 1, 2016;

• 7.455 million of 5.25% bonds due May 1, 2017;

• $7.85 million of 5.25% bonds due May 1, 2018;

• $480,000 of 5% bonds due May 1, 2019;

• $505,000 of 5% bonds due May 1, 2020;

• $9.23 million of 5% bonds due May 1, 2021; and

• $53.545 million of 5% bonds due May 1, 2026.


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