Massachusetts Housing Finance to sell $212.18 million housing bonds

By Sheri Kasprzak

New York, Oct. 29 - The Massachusetts Housing Finance Agency plans to price $212.18 million of housing bonds in three tranches, according to a preliminary official statement.

The offering includes $130.99 million of series 2010C AMT bonds, $67.825 million of series 2010D taxable bonds and $13.365 million of series 2010E non-AMT bonds.

The bonds will be sold through Barclays Capital Inc. and Bank of America Merrill Lynch. The co-managers are Citigroup Global Markets Inc.; Morgan Stanley & Co. Inc.; Cabrera Capital Markets LLC; Fidelity Capital Markets LLC; George K. Baum & Co. Inc.; Jefferies & Co.; J.P. Morgan Securities LLC; Piper Jaffray & Co.; Raymond James & Associates Inc.; Rice Financial Products Co.; Siebert Brandford Shank & Co. LLC; and Wells Fargo Bank, NA.

The 2010C bonds are due 2011 to 2020 with term bonds due 2025, 2030 and 2042. The 2010D bonds are due 2020, 2030 and 2042, and the 2010E bonds are due 2011 to 2014 with term bonds due 2020, 2030, 2040 and 2053.

Proceeds will be used to refund the agency's series 2000A-B and 2001A-E rental housing mortgage revenue bonds.

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