Maryland Housing and Community Development to sell $91.47 million debt

By Sheri Kasprzak

New York, Jan. 24 - The Maryland Department of Housing and Community Development is set to price $91,465,000 of series 2014 residential revenue bonds, according to a preliminary official statement.

The deal includes $54,765,000 of series 2014A non-AMT bonds and $36.7 million of series 2014B AMT bonds.

The bonds (//AA) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager. The co-managers are BofA Merrill Lynch, RBC Capital Markets LLC, Loop Capital Markets LLC, M&T Securities Inc. and Morgan Stanley & Co. LLC.

The 2014A bonds are due 2016 to 2024 with term bonds due in 2029 and 2032.

The 2014B bonds are due 2014 to 2016 with a term bond due in 2044.

Proceeds will be used to finance loans to qualified statewide recipients.

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