Illinois Housing Development plans $100 million sale of revenue bonds

By Sheri Kasprzak

New York, March 1 - The Illinois Housing Development Authority is expected to price $100 million of series 2013 housing revenue bonds, according to a preliminary official statement.

The deal includes $65 million of series 2013A tax-exempt bonds and $35 million of series 2013B taxable bonds.

The bonds will be sold through RBC Capital Markets LLC. The co-managers are George K. Baum & Co., Mesirow Financial Inc. and Raymond James/Morgan Keegan.

The maturities have not been set.

Proceeds will be used to purchase mortgage-backed securities.

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