Kentucky Housing to price $60 million housing revenue bonds

By Sheri Kasprzak

New York, Aug. 29 - The Kentucky Housing Corp. expects to price $60 million in series 2008 housing revenue bonds, according to a preliminary official statement.

The sale includes $50 million in series 2008E non-AMT bonds and $10 million in series 2008F AMT bonds.

Merrill Lynch and Citigroup Global Markets are the senior managers for the negotiated basis. The co-managers are J.J.B Hilliard, W.L. Lyons; NatCity Investments; Morgan Keegan; Wachovia Bank; J.P. Morgan Securities Inc.; Edward D. Jones & Co.; First Kentucky Securities; and Ross, Sinclaire & Associates.

The 2008E bonds are due from 2010 to 2018 with term bonds due 2023, 2028, 2033 and 2038. The 2008F bonds are due 2037.

Proceeds will be used to purchase mortgage loans and to make a deposit to a debt service reserve fund.

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