Florida Housing to sell $100 million mortgage revenue bonds Wednesday

By Sheri Kasprzak

New York, Sept. 10 - The Florida Housing Finance Corp. plans to price $100 million in series 2009-2 homeowner mortgage revenue bonds on Wednesday, according to a preliminary official statement.

The bonds (Aa1/AA+/AA+) will be sold on a negotiated basis with Citigroup Global Markets Inc. The co-managers include Morgan Stanley & Co. Inc., RBC Capital Markets Inc., George K. Baum & Co., J.P. Morgan Securities Inc., Merrill Lynch & Co. Inc. and Morgan Keegan & Co. Inc.

The bonds are due 2011 to 2019 with term bonds due 2024, 2029, 2034, 2039 and 2041.

Proceeds will be used to make mortgage loans.

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