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May 11, 2010 at 11:17 AM EDT
Oregon Department Of Administrative Services, the central agency for the state of Oregon, plans to sell $245.7 million in muni bonds tomorrow to fund projects including building a new psychiatric hospital and prison, developing technology systems for the management of Medicaid, food stamps and child welfare and modernizing classrooms at Portland State University. The offering includes $210.3 million of Build America Bonds, $21.8 million in tax-exempts and $13.6 million in taxable debt. The securities, rated Aa2 by Moody’s and AA by Fitch Ratings, the third-highest investment grade, and one level lower by S&P at AA-, will be marketed by a group led by Bank of America (NYSE:BAC) Merrill Lynch and Citigroup (NYSE:C). Also, the University of Chicago, founded by John D. Rockefeller in 1890, plans to sell $300 million in…