Oregon plans $184.85 million sale of lottery revenue bonds

By Sheri Kasprzak

New York, March 18 - The State of Oregon is set to bring $184.85 million of series 2011 lottery revenue bonds to market during the week of March 21, said a preliminary official statement.

The deal includes $131.745 million of series 2011A tax-exempt bonds, $27.57 million of series 2011B tax-exempt refunding bonds and $23.535 million of series 2011C federally taxable bonds.

The bonds (Aa2/AAA) will be sold through Morgan Stanley & Co. Inc. and Citigroup Global Markets Inc. with Merrill Lynch, Fidelity Capital Markets LLC, J.P. Morgan Securities LLC, Seattle-Northwest Securities Corp. and Siebert Brandford Shank & Co. LLC as the co-managers.

The maturities have not been set.

Proceeds will be used to make loans for infrastructure projects within the state.

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