By Sheri Kasprzak
New York, Sept. 22 - The Alaska Housing Finance Corp. sold $78.81 million of series 2010 mortgage revenue bonds on Tuesday, said a pricing sheet.
The bonds were sold through Bank of America Merrill Lynch, with Edward Jones & Co., George K. Baum & Co., J.P. Morgan Securities Inc., KeyBanc Capital Markets Inc., Morgan Keegan & Co. Inc., Morgan Stanley & Co. Inc. and Siebert Brandford Shank & Co. LLC as the co-managers.
The sale included $43.13 million of series 2010A bonds and $35.68 million of series 2010B bonds.
The 2010A bonds are due 2011 to 2020 with a term bond due 2027. Coupons range from 0.45% to 3.15%, all priced at par. The 2027 bonds have a 4% coupon priced at 98.796.
The 2010B bonds are due 2011 to 2020 with term bonds due 2022, 2023, 2025, 2030, 2035 and 2040. Serial coupons range from 0.45% to 3.15%.
The 2022 bonds have a 3.5% coupon priced par. The 2023 bonds have a 3.6% coupon priced at par. The 2025 bonds have a 3.8% coupon priced at par. The 2030 bonds have a 4.25% coupon priced at par. The 2035 bonds have a 4.5% coupon priced at par and the 2040 bonds have a 4.625% coupon priced at par.
Proceeds will be used to fund mortgage loans.
| Issuer: | Alaska Housing Finance Corp.
|
| Issue: | Series 2010 mortgage revenue bonds
|
| Amount: | $78.81 million
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch (lead), Edward Jones & Co., George K. Baum & Co., J.P. Morgan Securities Inc., KeyBanc Capital Markets Inc., Morgan Keegan & Co. Inc., Morgan Stanley & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers)
|
| Pricing date: | Sept. 21
|
| Settlement date: | Sept. 30
|
|
|
| Series 2010A
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 0.45% | 100
|
| 2011 | Serial | 0.55% | 100
|
| 2012 | Serial | 0.85% | 100
|
| 2012 | Serial | 0.95% | 100
|
| 2013 | Serial | 1.05% | 100
|
| 2013 | Serial | 1.125% | 100
|
| 2014 | Serial | 1.4% | 100
|
| 2014 | Serial | 1.5% | 100
|
| 2015 | Serial | 1.8% | 100
|
| 2015 | Serial | 1.9% | 100
|
| 2016 | Serial | 2.15% | 100
|
| 2016 | Serial | 2.25% | 100
|
| 2017 | Serial | 2.45% | 100
|
| 2017 | Serial | 2.5% | 100
|
| 2018 | Serial | 2.75% | 100
|
| 2018 | Serial | 2.75% | 100
|
| 2019 | Serial | 3% | 100
|
| 2019 | Serial | 3% | 100
|
| 2020 | Serial | 3.15% | 100
|
| 2020 | Serial | 3.15% | 100
|
| 2027 | Term | 4% | 98.796
|
|
|
| Series 2010B
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 0.45% | 100
|
| 2011 | Serial | 0.55% | 100
|
| 2012 | Serial | 0.85% | 100
|
| 2012 | Serial | 0.95% | 100
|
| 2013 | Serial | 1.05% | 100
|
| 2013 | Serial | 1.125% | 100
|
| 2014 | Serial | 1.4% | 100
|
| 2014 | Serial | 1.5% | 100
|
| 2015 | Serial | 1.8% | 100
|
| 2015 | Serial | 1.9% | 100
|
| 2016 | Serial | 2.15% | 100
|
| 2016 | Serial | 2.25% | 100
|
| 2017 | Serial | 2.45% | 100
|
| 2017 | Serial | 2.5% | 100
|
| 2018 | Serial | 2.75% | 100
|
| 2018 | Serial | 2.75% | 100
|
| 2019 | Serial | 3% | 100
|
| 2019 | Serial | 3% | 100
|
| 2020 | Serial | 3.15% | 100
|
| 2020 | Serial | 3.15% | 100
|
| 2022 | Term | 3.5% | 100
|
| 2023 | Term | 3.6% | 100
|
| 2025 | Term | 3.8% | 100
|
| 2030 | Term | 4.25% | 100
|
| 2035 | Term | 4.5% | 100
|
| 2040 | Term | 4.625% | 100
|
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