Elizabeth Steiner, MD., State Treasurer
State of Oregon
State of Oregon
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The Oregon Department of Administrative Services plans to price up to $550 million in lottery revenue bonds the week of April 7.
The deal will be more than twice the size of any of the state's lottery revenue bond sales over the past eight years.
The bulk of the increase comes from a significant refunding component — approximately $250 million of the total $465 million in tax-exempt bonds are refundings, said Eric Engelson, a spokesman for the Oregon State Treasury.
The deal also includes an $85 million taxable component.
Oregon has averaged issuance of $185 million in lottery revenue bonds in each transaction over the past eight years. It sold $221 million in April 2024, $217 million in April 2022, $124 million in April 2021, $156 million in March 2019 and $230 million in March 2017.
The bonds planned for April will be priced by an eight-bank syndicate led by Jefferies and Loop Capital Markets.
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