Florida Housing offers $60 million homeowner mortgage revenue bonds

By Sheri Kasprzak

New York, June 7 - The Florida Housing Finance Corp. is set to sell $60 million of series 2011B non-AMT homeowner mortgage revenue bonds, according to a preliminary official statement.

The bonds will be sold through Morgan Stanley & Co. Inc. The co-managers are Citigroup Global Markets Inc., RBC Capital Markets LLC, Bank of America Merrill Lynch, George K. Baum & Co., Janney Montgomery Scott LLC and Morgan Keegan & Co. Inc.

The bonds are due 2013 to 2021 with term bonds due in 2026 and 2029.

Concurrently with the new issue, the corporation also intends to convert $90 million of its series 2009B-4 bonds due July 1, 2041.

Proceeds from the new offering will be used to fund mortgage loans.

Based in Tallahassee, Fla., the corporation provides affordable housing loans to low- to moderate-income Floridians.

© 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.