The State is expected to come to market with $29 million* in General Obligation, 2015 Series Q bonds. Proceeds from the sale will be used to fund the Oregon War Veterans’ Fund, which offers mortgages to qualifying veterans.
The bonds are direct general obligations of the State, backed by its full faith, credit, and taxing power. Revenues from the Oregon War Veterans’ Fund will be used to repay the bonds and fund interest payments.
The bonds are rated Aa1 by Moody's and AA+ by S&P2.
The bond sale offers attractive benefits to individual investors who are residents of Oregon, including federal and state tax exemption on the interest payments, prices and yields that match those available to institutional investors, and the potential for stable income.
How to place an order
The offering is expected to price the week of November 2, although market conditions and/or the discretion of the issuer may alter the anticipated timeline. Individual investors can place orders online or by calling a Fidelity representative at 800-544-5372. To stay up-to-date on pricing, credit rating changes, and more, please sign up for Fidelity Alerts or visit our Municipal Bond New Issue Offerings page.