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Maine State Housing coordinates $67.77 million mortgage bond offering
By Sheri Kasprzak
New York, Jan. 5 – The Maine State Housing Authority is expected to price $67,765,000 of series 2015 mortgage bonds, according to a preliminary official statement.
The deal includes $13,385,000 of series 2015A-1 AMT bonds, $6.58 million of series 2015A-2 non-AMT bonds and $47.8 million of series 2015A-3 non-AMT bonds.
The bonds will be sold through BofA Merrill Lynch and Citigroup Global Markets Inc. The co-managers are J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan and RBC Capital Markets LLC.
The 2015A-1 bonds are due 2018 to 2025 and the 2015A-2 bonds are due Nov. 15, 2029. The 2015A-3 bonds are due 2016 to 2017 with term bonds due in 2034, 2039 and 2044.
Proceeds will be used to finance mortgage loans for multifamily rental properties.
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