Illinois Housing set to sell $127.61 million taxable housing bonds

By Sheri Kasprzak

New York, May 6 - The Illinois Housing Development Authority is set to price $127,605,000 of series 2013B taxable housing bonds, according to a preliminary official statement. Pricing is expected during the week of May 6.

The bonds (Aa3) will be sold on a negotiated basis with Ramirez & Co. Inc. as the lead manager. The co-managers are Citigroup Global Markets Inc., Fidelity Capital Markets, Mesirow Financial Inc. and the Williams Capital Group LP.

The bonds are due 2014 to 2023 with term bonds due in 2033, 2038, 2043 and 2047.

Proceeds will be used to acquire unassigned mortgage loans.

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