Virginia Housing Development to price $151.74 million 30-year bonds

By Sheri Kasprzak

New York, Sept. 26 - The Virginia Housing Development Authority plans to sell $151,738,556 in series 2008C commonwealth mortgage bonds pass-through certificates, according to a preliminary official statement.

The bonds (Aaa/AAA/), which are due June 25, 2038, will be sold on a negotiated basis with Morgan Keegan as the senior manager.

The offering is set to price in October.

Proceeds will be used to purchase mortgages.

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