By Sheri Kasprzak
New York, June 14 - The Florida Housing Finance Corp. sold Tuesday $60 million of series 2011B non-AMT homeowner mortgage revenue bonds, according to a pricing sheet.
The bonds were sold through Morgan Stanley & Co. Inc. The co-managers included 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. The serial coupons range from 0.9% to 3.7%, all priced at par. The 2026 bonds have a 4.45% coupon priced at par and the 2029 bonds have a 4.625% coupon priced at par.
Proceeds will be used to fund mortgage loans.
The Tallahassee-based corporation provides affordable mortgage loans for eligible Floridians.
| Issuer: | Florida Housing Finance Corp.
|
| Issue: | Series 2011B non-AMT homeowner mortgage revenue bonds
|
| Amount: | $60 million
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. Inc. (lead), 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. (co-managers)
|
| Pricing date: | June 14
|
| Settlement date: | July 7
|
|
|
| Maturity | Type | Coupon | Price
|
| 2013 | Serial | 0.9% | 100
|
| 2013 | Serial | 1% | 100
|
| 2014 | Serial | 1.35% | 100
|
| 2014 | Serial | 1.45% | 100
|
| 2015 | Serial | 1.9% | 100
|
| 2015 | Serial | 2% | 100
|
| 2016 | Serial | 2.15% | 100
|
| 2016 | Serial | 2.2% | 100
|
| 2017 | Serial | 2.6% | 100
|
| 2017 | Serial | 2.65% | 100
|
| 2018 | Serial | 3% | 100
|
| 2018 | Serial | 3% | 100
|
| 2019 | Serial | 3.2% | 100
|
| 2019 | Serial | 3.2% | 100
|
| 2020 | Serial | 3.5% | 100
|
| 2020 | Serial | 3.5% | 100
|
| 2021 | Serial | 3.7% | 100
|
| 2021 | Serial | 3.7% | 100
|
| 2026 | Term | 4.45% | 100
|
| 2029 | Term | 4.625% | 100
|
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