State of Oregon General Obligation Bonds – $140 Million | MuniNet Featured Bond Issue

May 3, 2018 | Municipal Bonds, Municipal Finance

Featured Municipal Bond Issue, Week of April 30th, 2018: State of Oregon GO Bonds – $140 Million

 

 

The State of Oregon is issuing general obligation bonds in the amount of $140 million the week of April 30th, 2018. The bonds are broken up into four series:

  • 2018 Series A – $69.7 Million – Tax-Exempt
  • 2018 Series B – $40.3 Million – Federally Taxable
  • 2018 Series C – $21.7 Million – Tax-Exempt
  • 2018 Series D – $8.7 Million – Tax-Exempt

Series A and Series B proceeds will be used for various state projects, and proceeds from Series C and Series D will be used for projects related to seismic activity. Security for the bonds is a general obligation pledge of the full faith and credit of the State of Oregon. Details on the purposes, tax-status, security, as well as other matters pertaining to these State of Oregon GO Bonds can be found in the preliminary official statement and notice of sale, available on MuniOS.



As of March 2018, the State of Oregon has an unemployment rate of 4.3%, which is 0.2% higher than the U.S. rate in March, and the same rate as of March 2017, as can be seen in the chart below. Oregon had a positive 2.5% growth in total employment in 2017, including leading the nation with 6.2% growth in the accommodation and food service industry.

You can find 10-year employment and labor force trends for all 50 states and each Metropolitan Statistical Area in the U.S. in our Employment Database, and more labor sector growth and compensation data on our Job Market page.

State of Oregon

State of Illinois GO Bonds

Provided at left (click to expand) is a quick snapshot of financial characteristics of the State of Oregon as of 06/30/2017, compared with the 2016-2017 medians for other U.S. states, courtesy of Merritt Research Services, LLC. Merritt has many of the sector medians publicly available and regularly updated on their Benchmark Central page. (Merritt believes the data to be reliable but does not make any representations as to its accuracy or completeness). In addition to the Merritt information related to the featured bond, more information can be found on our municipal bond calendar, city, state, and county pages, and our employment database.

These facts and numbers are for informational purposes, and should not be considered an official disclosure for potential investors. Investors should consult the official statement. None of the information provided should be construed as a recommendation by MuniNet Guide, MuniNet LLC, Merritt Research Services LLC, or any of their employees. Information and analysis is for informational purposes only.

by Jeffrey L Garceau