Oregon Housing to price $92.71 million mortgage revenue bonds Tuesday

By Cristal Cody

Springdale, Ark., Aug. 11 - The Oregon Housing and Community Services Department intends to sell the previously announced $92.71 million mortgage revenue bonds on Tuesday, according to a sale calendar.

The sale includes $52.53 million series 2008G and $5.53 million series 2008H fixed-rate bonds and $34.65 million series 2008I variable-rate bonds with a weekly interest rate.

The series 2008G bonds have serial maturities from 2013 through 2023 and terms due 2028 and 2030.

The series 2008H bonds have maturities from 2009 through 2012, and the series 2008I term bonds are due 2037.

J.P. Morgan Securities Inc. is the senior manager of the negotiated sale. Co-managers are Merrill Lynch & Co., Banc of America Securities LLC, Citigroup Global Markets, Edward Jones and Morgan Stanley.

Proceeds will be used to purchase $89.929 million of new mortgage loans.

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