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Oregon Department of Transportation to sell $405.93 million bonds
By Sheri Kasprzak
New York, Oct. 4 - The Oregon Department of Transportation is set to price $405,925,000 of series 2013A tax-exempt highway user tax revenue bonds, according to a preliminary official statement.
The bonds (Aa1/AAA/AA+) will be sold on a negotiated basis with Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. as the senior managers.
The co-managers are BofA Merrill Lynch, Fidelity Capital Markets LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC and RBC Capital Markets LLC.
The bonds are due 2014 to 2033 with a term bond due in 2038.
Proceeds will be used to finance approved highway projects.
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