Published on 10/19/2011 in the Prospect News Municipals Daily.
New Issue: Florida Housing Finance prices $54.82 million mortgage revenue bonds
By Sheri Kasprzak
New York, Oct. 19 - The Florida Housing Finance Corp. priced $54.82 million of series 2011C non-AMT housing mortgage revenue bonds, according to a pricing sheet.
The bonds (Aaa) were sold through Citigroup Global Markets Inc. The co-managers were Morgan Stanley & Co. LLC, RBC Capital Markets LLC, Bank of America Merrill Lynch, George K. Baum & Co. Inc., Janney Montgomery Scott LLC and Morgan Keegan & Co. Inc.
The bonds are due 2013 to 2022 with term bonds due in 2026 and 2030. The serial coupons range from 0.80% to 3.65%, all priced at par. The 2026 bonds have a 4.1% coupon priced at par. The 2030 bonds have a split maturity with a 4.45% coupon priced at par and a 4.5% coupon priced at 122.861.
Proceeds will be used to make single-family housing loans.
| Issuer: | Florida Housing Finance Corp.
|
| Issue: | Series 2011C non-AMT housing mortgage revenue bonds
|
| Amount: | $54.82 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. (lead), Morgan Stanley & Co. LLC, RBC Capital Markets LLC, Bank of America Merrill Lynch, George K. Baum & Co. Inc., Janney Montgomery Scott LLC and Morgan Keegan & Co. Inc. (co-managers)
|
| Rating: | Moody's: Aaa
|
| Pricing date: | Oct. 19
|
| Settlement date: | Nov. 3
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $265,000 | 2013 | Serial | 0.80% | 100
|
| $675,000 | 2013 | Serial | 0.90% | 100
|
| $825,000 | 2014 | Serial | 1.30% | 100
|
| $845,000 | 2014 | Serial | 1.50% | 100
|
| $865,000 | 2015 | Serial | 1.75% | 100
|
| $880,000 | 2015 | Serial | 1.85% | 100
|
| $905,000 | 2016 | Serial | 2.15% | 100
|
| $925,000 | 2016 | Serial | 2.25% | 100
|
| $945,000 | 2017 | Serial | 2.45% | 100
|
| $965,000 | 2017 | Serial | 2.55% | 100
|
| $990,000 | 2018 | Serial | 2.875% | 100
|
| $1.01 million | 2018 | Serial | 2.875% | 100
|
| $1.035 million | 2019 | Serial | 3.15% | 100
|
| $1.06 million | 2019 | Serial | 3.15% | 100
|
| $1.08 million | 2020 | Serial | 3.40% | 100
|
| $1.105 million | 2020 | Serial | 3.40% | 100
|
| $1.13 million | 2021 | Serial | 3.50% | 100
|
| $1.155 million | 2021 | Serial | 3.50% | 100
|
| $1.185 million | 2022 | Serial | 3.65% | 100
|
| $1.21 million | 2022 | Serial | 3.65% | 100
|
| $10.72 million | 2026 | Term | 4.10% | 100
|
| $10.51 million | 2030 | Term | 4.45% | 100
|
| $14.535 million | 2030 | Term | 4.50% | 122.861
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
