Florida Housing to sell $50 million mortgage revenue bonds Wednesday

By Sheri Kasprzak

New York, July 14 - The Florida Housing Finance Corp. plans to price its previously announced $50 million in series 2008-2 homeowner mortgage revenue bonds on Wednesday, according to a calendar of offerings.

The bonds (Aa1/AA+/) will be sold on a negotiated basis with RBC Capital Markets as the senior manager and Citigroup Global Markets as the co-manager.

The bonds are due from 2010 to 2018 with term bonds due 2023, 2028, 2039 and 2039.

Proceeds will be used to refund and replace debt, as well as to finance or purchase mortgage-backed securities.

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