Florida Housing Finance Corp. announces $50 million revenue bond sale

By Aaron Hochman-Zimmerman

New York, May 11 - Florida Housing Finance Corp. announced it will offer $50 million of 2009 series I homeowner mortgage revenue non-alternative minimum tax bonds, according to a preliminary offering statement.

RBC Capital Markets Corp., Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. will act as underwriters for the negotiated deal.

The bonds will carry serial maturities from 2011 to 2019 along with term bonds due in 2024, 2029, 2034 and 2040.

Proceeds from the sale will be used to finance home loans.

Florida Housing Finance Corp. is located in Tallahassee, Fla.

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