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.
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