Maryland Department of Housing plans $91.38 million revenue bonds

By Aaron Hochman-Zimmerman

New York, Aug. 20 - The Maryland Department of Housing and Community Development will issue $91.38 million in residential revenue bonds during the week of Aug. 31, according to the department's web site.

The $58.68 million of series 2007J variable-rate term bonds will mature on Sept. 1, 2031.

The $32.7 million series 2009A bonds will carry serial maturities from 2010 to 2019 and term bonds due 2024, 2029, 2034 and 2039.

Merrill Lynch & Co. will act as lead underwriter for the negotiated bonds. Goldman Sachs & Co., Loop Capital Markets LLC, J.P. Morgan Securities Inc., Morgan Stanley & Co. Inc. and RBC Capital Markets Corp. will be co-managers.

Proceeds will be used to finance single-family home loans.

The Maryland Department of Housing and Community Development is located in Crownsville, Md.

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