With Oregon lottery revenues back ahead of projections, its Department of Administrative Services heads to market next week to price $214.3 million in lottery revenue bonds it originally planned to sell in 2020.
Leading a 10-bank syndicate, Goldman Sachs & Co and Citi will price on Tuesday $91.3 million in tax-exempt and $123 million in taxable bonds. PFM is the municipal advisor and Hawkins Delafield & Wood is bond counsel.
The state lottery revenue bonds were affirmed at Aa2 by Moody’s Investors Service and AAA by S&P Global Ratings. Both assign stable outlooks.