By Sheri Kasprzak
New York, June 27 - The State of Oregon priced $642,855,000 of series 2012A full faith and credit tax anticipation notes, according to a pricing sheet.
The notes (MIG1/SP-1+/F1+) were sold through senior managers Bank of America Merrill Lynch and Citigroup Global Markets Inc. The co-managers were J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.
The notes are due June 28, 2013 and have a 2% coupon priced at 101.756.
Proceeds will be used to finance general capital expenditures for the state ahead of the collection of taxes.
| Issuer: | State of Oregon
|
| Issue: | Series 2012A full faith and credit tax anticipation notes
|
| Amount: | $642,855,000
|
| Maturity: | June 28, 2013
|
| Coupon: | 2%
|
| Price: | 101.756
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead), J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (co-managers)
|
| Ratings: | Moody's: MIG1
|
| Standard & Poor's: SP-1+
|
| Fitch: F1+
|
| Pricing date: | June 27
|
| Settlement date: | July 10
|
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