By Sheri Kasprzak
New York, Oct. 26 - The Illinois Housing Development Authority priced $67.64 million of series 2011 tax-exempt housing revenue bonds (//AAA), according to a statement from the authority.
The deal included $17.64 million of series 2011A bonds, $42.5 million of series 2011B bonds and $7.5 million of series 2011C bonds.
The 2011A bonds are due Oct. 25, 2041 and have a 3.285% coupon priced at 100.25, and the 2011B bonds are due Oct. 25, 2041 and have a 3.285% coupon priced at 102.588. The 2011C bonds are due Oct. 25, 2041 and have a 3.285% coupon priced at 87.
Proceeds will be used to make single-family mortgage loans as part of its statewide loan program, which targets first-time homebuyers and veterans.
Based in Chicago, the authority provides affordable housing loans to Illinois residents.
| Issuer: | Illinois Housing Development Authority
|
| Issue: | Series 2011 tax-exempt housing revenue bonds
|
| Amount: | $67,638,829
|
| Rating: | Fitch: AAA
|
| Pricing date: | Oct. 26
|
|
|
| $17,638,829 series 2011A bonds
|
| Maturity | Type | Coupon | Price
|
| Oct. 25, 2041 | Term | 3.285% | 100.25
|
|
|
| $42.5 million series 2011B bonds
|
| Maturity | Type | Coupon | Price
|
| Oct. 25, 2041 | Term | 3.285% | 102.588
|
|
|
| $7.5 million series 2011C bonds
|
| Maturity | Type | Coupon | Price
|
| Oct. 25, 2041 | Term | 3.285% | 87
|
© 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.
