Florida Housing Finance Corp. postpones $50 million bond offering

By Aaron Hochman-Zimmerman

New York, June 9 - The Florida Housing Finance Corp. postponed its planned offering of $50 million in 2009 series I homeowner mortgage revenue non-alternative minimum tax bonds (/AA+/AA+), according to a spokeswoman.

The corporation will resume the offer when market conditions are more favorable.

The bonds were scheduled to be placed via negotiated sale and underwritten by RBC Capital Markets Corp., Citigroup Global Markets Inc. and J.P. Morgan Securities Inc.

The bonds would have carried maturities from 2011 to 2019 with term bonds due 2024, 2029, 2034 and 2040.

Proceeds would have been used to finance home loans.

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

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