Oregon Department of Administrative Services to price $155.285 million COPs Tuesday

By Sheri Kasprzak

New York, July 7 - The Oregon Department of Administrative Services plans to price $155.285 million series 2008 certificates of participation on Tuesday, according to a preliminary official statement.

The certificates will be sold on a negotiated basis with Banc of America Securities LLC and Citigroup Global Markets as the lead managers. The co-managers will be Fidelity Capital Markets; Goldman, Sachs & Co.; Merrill Lynch; and Ramirez & Co.

The sale includes $140.5 million in series 2008A certificates, which are due 2009 to 2028 with term bonds due 2033 and 2038, and $14.785 million in series 2008B certificates, which are due 2010 to 2023.

Proceeds from the sale will be used to refund the department's series 1997B certificates.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.