By Sheri Kasprzak
New York, March 7 - The Illinois Housing Development Authority sold $100 million of series 2013 housing revenue bonds, according to a pricing sheet.
The deal included $78.75 million of series 2013A tax-exempt bonds and $21.25 million of series 2013B taxable bonds.
The 2013A bonds are due June 1, 2043 and have a 2.45% coupon priced at par.
The 2013B bonds are due June 1, 2043 and have a 2.75% coupon priced at par.
The bonds were sold through RBC Capital Markets LLC.
Proceeds will be used to purchase mortgage-backed securities.
| Issuer: | Illinois Housing Development Authority
|
| Issue: | Series 2013 housing revenue bonds
|
| Amount: | $100 million
|
| Type: | Negotiated
|
| Underwriters: | RBC Capital Markets LLC (lead), George K. Baum & Co., Mesirow Financial Inc. and Raymond James/Morgan Keegan (co-managers)
|
| Pricing date: | March 7
|
| Settlement date: | April 24
|
|
|
| $78.75 million series 2013A tax-exempt bonds
|
| Maturity | Type | Coupon | Price
|
| June 1, 2043 | Term | 2.45% | 100
|
|
|
| $21.25 million series 2013B taxable bonds
|
| Maturity | Type | Coupon | Price
|
| June 1, 2043 | Term | 2.75% | 100
|
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