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Oregon preps $161.39 million sale of general obligation bonds
By Sheri Kasprzak
New York, Feb. 5 - The State of Oregon plans to price $161,385,000 of series 2013 general obligation bonds, according to a preliminary official statement.
The deal includes $22,315,000 of series 2013E tax-exempt bonds, $57.85 million of series 2013F tax-exempt refunding bonds, $77.43 million of series 2013G tax-exempt refunding bonds and $3.79 million of series 2013H taxable refunding bonds.
The 2013E bonds are due 2014 to 2033 with a term bond due in 2038. The 2013F bonds are due 2016 and 2020 to 2030. The 2013G bonds are due 2017 to 2030 and the 2013H bonds are due 2014 to 2026.
The bonds (Aa1/AA+/AA+) will be sold on a negotiated basis with Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Bank of America Merrill Lynch as the senior managers. The co-managers are Fidelity Capital Markets Inc., Morgan Stanley & Co. LLC, Piper Jaffray & Co. Inc. and Wells Fargo Securities LLC.
Proceeds will be used to finance various capital projects and refund the state's series 2004B-C, 2005A-B, 2006A and 2007A-B certificates of participation.
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