Bond & Coupon Redemption

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Bond Redemption Inquiries

The State of Oregon contracts with The Bank of New York Mellon to provide fiscal agent services associated with State of Oregon general obligation bonds.

Bondholder inquiries as well as bonds and/or coupons being submitted for redemption should be mailed to:

The Bank of New York Mellon
Corporate Trust Operations
PO Box 2320
Dallas, TX 75201
In-person deliveries should be made at the following address:
The Bank of New York Mellon
Corporate Trust Operations
2001 Bryan Street, 9th Floor
Dallas, TX 75201 

It is suggested that bondholders call The Bank of New York Mellon’s Bondholder Relations Line at 1-800-438-5473  before submitting a bond or coupon for redemption in order to determine its status and to obtain a list of required forms to submit together with the bond.

As an additional courtesy, Oregon residents may redeem their bonds and coupons which have matured  in the last (3) years, in-person or by mail, at the following address:

Oregon State Treasury
Attn:  Bond & Coupon Section
350 Winter St NE, Suite 100
Salem, OR 97301-3896
 
Office hours:  8:00 am - 12:00 pm and 1:00pm – 4:00pm 
Directions to our office

 
Bond Redemption In-Person  

Bondholders redeeming bonds and/or coupons in-person simply need to bring the original bonds and/or coupons to our office.  The rest of the required paperwork is supplied by our office and will be filled out onsite at the time of redemption.

It is suggested that bondholders call Oregon State Treasury’s Bond and Coupon Section at 503-378-2881 before coming in to redeem a bond or coupon in order to determine the status of the item(s).

Bond Redemption by Mail

If a bondholder will be submitting a bond and/or coupon for redemption through the mail, the following items must be included:

  • Original bonds and/or coupons

  • Signed IRS W-9 Form

  • Letter of Instruction - state the bondholder’s intent to redeem the bond.  The Letter of Instruction should also include:
    • The address to send the redemption check to
    • Bondholder’s phone number

Mailed-in bonds and coupons should be sent by registered mail with a return receipt.  It is suggested that the bondholder insure 3% of the face value of the bonds and coupons in the package.

Note: Questions regarding revenue bonds issued by State of Oregon agencies, local government bond issues, or bonds issued by private companies should be directed to the specific bond issuer.

If a bond or coupon matured 3 or more years before the current date, the funds may have been escheated to the Oregon Department of State Lands, Unclaimed Property Division.  We recommend that bondholders call Oregon State Treasury’s Bond and Coupon Section at 503-378-2881 to check on the status of their bond or coupon.

If a bond or coupon has been escheated, the Oregon State Treasury can work together with the bondholder to help them claim their funds from the Oregon Department of State Lands.

To check whether the Oregon Department of State Lands is holding funds in your name, click here