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Oregon Housing and Community Services preps $106.79 million bond deal
By Sheri Kasprzak
New York, May 17 - The Oregon Housing and Community Services Department plans to price $106,785,000 of series 2013 single-family mortgage bonds, said a preliminary official statement.
The bonds will be sold on a negotiated basis with J.P. Morgan Securities LLC and BofA Merrill Lynch as the senior managers. The co-managers are Fidelity Capital Markets LLC, Morgan Stanley & Co. LLC, Piper Jaffray & Co. and Wells Fargo Securities LLC.
The offering includes $13,405,000 of series 2013A non-AMT bonds, $15 million of series 2013B AMT bonds and $78.38 million of series 2013C taxable bonds.
The 2013A bonds are due 2019 to 2023 with term bonds due in 2028, 2033, 2038 and 2043.
The 2013B bonds are due 2014 to 2019 with a term bond due in 2034.
The 2013C bonds are due 2014 to 2024 with a term bond due in 2034.
Proceeds will be used to make mortgage loans to qualified Oregon residents.
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