Published on 5/30/2013 in the Prospect News Municipals Daily.
New Issue: Oregon Housing and Community Services prices $61.3 million of mortgage bonds
By Sheri Kasprzak
New York, May 30 - The Oregon Housing and Community Services Department priced $61.3 million of series 2013C single-family mortgage bonds, according to a pricing sheet.
The bonds were sold through J.P. Morgan Securities LLC and BofA Merrill Lynch.
The bonds are due 2014 to 2023 with a term bond due in 2033. The serial coupons range from 0.35% to 3.564%, all priced at par. The 2033 bonds have a 2.891% coupon priced at par.
Proceeds will be used to make mortgage loans to qualified Oregon residents.
| Issuer: | Oregon Housing and Community Services Department
|
| Issue: | Series 2013C taxable single-family mortgage bonds
|
| Amount: | $61.3 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC and BofA Merrill Lynch (lead), Fidelity Capital Markets LLC, Morgan Stanley & Co. LLC, Piper Jaffray & Co. and Wells Fargo Securities LLC (co-managers)
|
| Pricing date: | May 30
|
| Settlement date: | June 12
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1,935,000 | 2014 | Serial | 0.35% | 100
|
| $1,955,000 | 2014 | Serial | 0.45% | 100
|
| $1.96 million | 2015 | Serial | 0.839% | 100
|
| $1.96 million | 2015 | Serial | 0.939% | 100
|
| $1,975,000 | 2016 | Serial | 1.134% | 100
|
| $1.98 million | 2016 | Serial | 1.234% | 100
|
| $1,995,000 | 2017 | Serial | 1.691% | 100
|
| $2,005,000 | 2017 | Serial | 1.791% | 100
|
| $2,035,000 | 2018 | Serial | 1.941% | 100
|
| $2.05 million | 2018 | Serial | 2.041% | 100
|
| $2.07 million | 2019 | Serial | 2.435% | 100
|
| $2,105,000 | 2019 | Serial | 2.535% | 100
|
| $2.12 million | 2020 | Serial | 2.685% | 100
|
| $2.15 million | 2020 | Serial | 2.835% | 100
|
| $2,175,000 | 2021 | Serial | 3.264% | 100
|
| $2,225,000 | 2021 | Serial | 3.364% | 100
|
| $2.26 million | 2022 | Serial | 3.414% | 100
|
| $2.29 million | 2022 | Serial | 3.514% | 100
|
| $1.7 million | 2023 | Serial | 3.564% | 100
|
| $22,355,000 | 2033 | Term | 2.891% | 100
|
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