Massachusetts Housing to price $187.91 million housing revenue bonds

By Sheri Kasprzak

New York, Aug. 22 - The Massachusetts Housing Finance Agency plans to sell $187.91 million in single-family housing revenue bonds, according to a preliminary official statement released Friday.

The sale includes $5.07 million in series 136 AMT bonds, $15.98 million in series 137 non-AMT bonds, $57.6 million in series 138 non-AMT bonds and $109.26 million in series 139 non-AMT bonds (Aa2/AA/).

The 136 bonds are due 2010 with a term bond due 2023. The 137 bonds are due 2009 to 2012, and the 138 bonds are due 2028, 2033 and 2039. The 139 bonds are due 2013 to 2018 with term bonds due 2023, 2028, 2033 and 2037.

Morgan Stanley is the lead manager for the negotiated deal. The co-managers are Banc of America Securities LLC; Citigroup Global Markets; Lehman Brothers; Cabrera Capital Markets; Depfa First Albany Securities; Fidelity Capital Markets; George K. Baum & Co.; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Merrill Lynch; Piper Jaffray; Raymond James; Rice Financial Products; Siebert Brandford Shank & Co.; and Wachovia Bank.

Proceeds will be used to purchase mortgage loans and refund prior obligations.

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