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Oregon organizes $68.1 million sale of state lottery revenue bonds
By Sheri Kasprzak
New York, April 2 - The State of Oregon is set to price $68,095,000 of series 2012 Department of Administrative Services Oregon State Lottery revenue bonds, according to a preliminary official statement.
The deal includes $19,275,000 of series 2012A tax-exempt bonds, $46.05 million of series 2012B tax-exempt refunding bonds and $2.77 million of series 2012C taxable bonds.
The bonds (Aa2/AAA/) will be sold through senior managers Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC. The co-managers are Bank of America Merrill Lynch, Fidelity Capital Markets LLC, J.P. Morgan Securities LLC, Seattle-Northwest Securities Corp. and Siebert Brandford Shank & Co. LLC.
The 2012A bonds are due 2018 to 2032, and the 2012B bonds are due 2013 to 2022. The 2012C bonds are due 2013 and 2016 to 2018.
Proceeds will be used to finance capital projects and refund existing debt.
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