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Oregon Board of Higher Education to sell $138.02 million bonds Monday
By Cristal Cody
Tupelo, Miss., Feb. 26 - The Oregon State Board of Higher Education expects to price $138.02 million in general obligation bonds (Aa2/AA/AA) on Monday, according to a sale calendar.
The $87.535 million series 2009A and $50.485 million series 2009B bonds have serial maturities from 2009 through 2028 and terms due in 2033 and 2038, according to a preliminary official statement.
Merrill Lynch & Co. is the senior manager of the negotiated sale.
The co-managers are Citigroup Global Markets Inc., Banc of America Securities LLC, Morgan Stanley & Co. and Fidelity Capital Markets Services Inc.
The proceeds will be used for university projects and for refunding outstanding general obligation bonds.
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