Alaska Housing preps $196.42 million sale of mortgage revenue bonds

By Sheri Kasprzak

New York, May 10 - The Alaska Housing Finance Corp. is set to price $196,415,000 of series 2012 general mortgage revenue bonds, according to a preliminary official statement.

The offering includes $146,415,000 of series 2012A bonds and $50 million of series 2012B taxable variable-rate bonds.

The bonds will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager for the series 2012A bonds and the underwriter for the 2012B bonds. The co-managers for the 2012A bonds are Edward D. Jones & Co. LP, George K. Baum & Co., J.P. Morgan Securities LLC, KeyBanc Capital Markets LLC, Raymond James/Morgan Keegan, Morgan Stanley & Co. LLC and Siebert Brandford Shank & Co. LLC.

The 2012A bonds are due 2012 to 2024 with term bonds due in 2027, 2032, 2037 and 2040. The series 2012B bonds are due Dec. 1, 2042.

Proceeds will be used to make mortgage loans and refund existing debt.

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