Florida Housing Finance arranges $50 million of mortgage revenue bonds

By Sheri Kasprzak

New York, Dec. 6 - The Florida Housing Finance Corp. is set to price $50 million of series 2013C homeowner mortgage revenue bonds, according to a preliminary official statement.

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

The bonds are due 2014 to 2024 with term bonds due in 2027 and 2035.

Proceeds will be used to purchase fully modified mortgage-backed securities.

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