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Published on 7/30/2008 in the Prospect News Municipals Daily.

Alaska Housing Finance to price $80.88 million mortgage revenue bonds

By Cristal Cody

Springdale, Ark., July 30 - The Alaska Housing Finance Corp. expects to price $80.88 million home mortgage revenue bonds on Aug. 7, a source said Wednesday.

The series 2008B bonds also will be sold in a two-day retail period beginning Tuesday.

The bonds have serial maturities from 2009 through 2018 and term maturities in 2023, 2028, 2033 and 2038.

Goldman, Sachs & Co. is the senior manager of the negotiated sale. Co-managers are Citigroup Global Markets, J.P. Morgan Securities Inc., Merrill Lynch & Co. and Siebert Brandford Shank & Co.

Proceeds will be used to purchase home mortgage loans made to first-time homebuyers.


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