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Oregon to sell $788.06 million tax anticipation notes Wednesday
By Sheri Kasprzak
New York, July 15 - The State of Oregon is slated to price $788.06 million of series 2011A full faith and credit tax anticipation notes on Wednesday, according to a preliminary official statement.
The notes (MIG1/SP-1+/F1+) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Bank of America Merrill Lynch as the senior managers. The co-managers are J.P. Morgan Securities LLC and Morgan Stanley & Co. Inc.
The notes are due June 29, 2012.
Proceeds will be used to meet seasonal cash needs and cash management requirements from 2011 to 2013.
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