Virginia Housing Development to sell $72.915 million rental housing bonds Tuesday

By Sheri Kasprzak

New York, Feb. 6 - The Virginia Housing Development Authority is scheduled to price $72.915 million in series 2009A taxable rental housing bonds (Aa1/AA+/), said a sales calendar released Friday.

The bonds will be sold on a negotiated basis with Morgan Keegan & Co. Inc. at the helm. The co-managers are Banc of America Securities LLC, BB&T Capital Markets, Davenport & Co. LLC, Merrill Lynch & Co., Raymond James & Associates Inc. and Wachovia Bank.

Proceeds will be used for housing loans.

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