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Oregon coordinates $590.5 million offering of tax anticipation notes
By Sheri Kasprzak
New York, June 9 – The State of Oregon is set to price $590.5 million of series 2014A full faith and credit tax anticipation notes, 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 BofA Merrill Lynch as the senior managers. The co-managers are Barclays, Goldman Sachs & Co. and J.P. Morgan Securities LLC.
The notes are due June 15, 2015.
Proceeds will be used to finance seasonal cash needs for the state.
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