Published on 12/19/2013 in the Prospect News Municipals Daily.
New Issue: Florida Housing Finance offers up $50 million of mortgage revenue bonds
By Sheri Kasprzak
New York, Dec. 19 - The Florida Housing Finance Corp. sold $50 million of series 2013C homeowner mortgage revenue bonds, according to a pricing sheet.
The bonds (Aaa) were sold through Citigroup Global Markets Inc.
The bonds are due 2014 to 2024 with term bonds due in 2027 and 2035. The serial coupons range from 0.2% to 3.7% all priced at par. The 2027 bonds have a 4% coupon priced at par. The 2035 bonds have a 4% coupon priced at 107.480.
Proceeds will be used to purchase fully modified mortgage-backed securities.
| Issuer: | Florida Housing Finance Corp.
|
| Issue: | Series 2013C homeowner mortgage revenue bonds
|
| Amount: | $50 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. (lead), Morgan Stanley & Co. LLC, RBC Capital Markets LLC, BofA Merrill Lynch, George K. Baum & Co., Janney Montgomery Scott LLC and Raymond James/Morgan Keegan (co-managers)
|
| Rating: | Moody's: Aaa
|
| Pricing date: | Dec. 12
|
| Settlement date: | Dec. 23
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $555,000 | 2014 | Serial | 0.2% | 100
|
| $1.03 million | 2015 | Serial | 0.6% | 100
|
| $830,000 | 2015 | Serial | 0.8% | 100
|
| $1,065,000 | 2016 | Serial | 0.8% | 100
|
| $1.06 million | 2016 | Serial | 0.9% | 100
|
| $1,065,000 | 2017 | Serial | 1.2% | 100
|
| $1,065,000 | 2017 | Serial | 1.3% | 100
|
| $1.07 million | 2018 | Serial | 1.7% | 100
|
| $1,075,000 | 2018 | Serial | 1.8% | 100
|
| $1,075,000 | 2019 | Serial | 2.15% | 100
|
| $1,085,000 | 2019 | Serial | 2.25% | 100
|
| $1.09 million | 2020 | Serial | 2.6% | 100
|
| $1,095,000 | 2020 | Serial | 2.7% | 100
|
| $1,105,000 | 2021 | Serial | 3% | 100
|
| $1.11 million | 2021 | Serial | 3% | 100
|
| $1,125,000 | 2022 | Serial | 3.3% | 100
|
| $1,135,000 | 2022 | Serial | 3.3% | 100
|
| $1,145,000 | 2023 | Serial | 3.5% | 100
|
| $1,155,000 | 2023 | Serial | 3.5% | 100
|
| $1.17 million | 2024 | Serial | 3.7% | 100
|
| $1,185,000 | 2024 | Serial | 3.7% | 100
|
| $7,325,000 | 2027 | Term | 4% | 100
|
| $20,385,000 | 2035 | Term | 4% | 107.480
|
© 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.
