Eugene, Ore., to price $100.38 million revenue and refunding bonds

By Cristal Cody

Springdale, Ark., June 18 - Eugene, Ore., and the water and electric utilities expect to price $100.38 million revenue and refunding bonds in competitive sales on June 25, according to preliminary official statements released Wednesday.

The city and the electric utility system intend to price $84.785 million revenue and refunding bonds.

The series 2008 bonds (A1/AA-/A+) have serial maturities from 2009 through 2033.

The city's water utility system plans to price $15.595 million series 2008 revenue bonds (Aa3/AA/AA) with serial maturities from 2009 through 2038.

J.P. Morgan Securities Inc. is the city's financial adviser.

Proceeds will be used to refund the series 1998 electric revenue bonds and finance improvements to the electric utility system and capital improvements to improve the storage and delivery capacity of the water utility system.

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