New Issue: Oregon sells $642.78 million 1.5% one-year tax anticipation notes

By Sheri Kasprzak

New York, July 30 - The State of Oregon priced $642,775,000 of series 2013A full faith and credit tax anticipation notes, according to a pricing sheet.

The notes (MIG1/SP-1+/F1+) were sold through lead managers BofA Merrill Lynch and Citigroup Global Markets Inc.

The notes are due July 31, 2014 and have a 1.5% coupon priced at 101.292.

Proceeds will be used to meet seasonal cash needs for the state ahead of the collection of certain taxes.

Issuer:	State of Oregon
Issue:	Series 2013A full faith and credit tax anticipation notes
Amount:	$642,775,000
Maturity:	July 31, 2014
Coupon:	1.5%
Price:	101.292
Type:	Negotiated
Underwriters:	BofA Merrill Lynch and Citigroup Global Markets Inc. (lead), Barclays, Goldman Sachs & Co. and J.P. Morgan Securities LLC (co-managers)
Ratings:	Moody's: MIG1
	Standard & Poor's: SP-1+
	Fitch: F1+
Pricing date:	July 30
Settlement date:	Aug. 7

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