New Issue: Massachusetts Housing Finance prices $57.48 million of housing bonds

By Sheri Kasprzak

New York, Oct. 28 - The Massachusetts Housing Finance Agency priced $57.48 million of series 2011 housing bonds, said a pricing sheet.

The offering included $53.83 million of series 2011A bonds and $3.65 million of series 2011B taxable bonds.

The 2011A bonds are due 2012 to 2023 with term bonds due in 2030, 2033, 2036 and 2041. The serial coupons range from 0.70% to 4.35%, all priced at par. The 2030 bonds have a 5.10% coupon priced at par, and the 2033 bonds have a 5.20% coupon priced at par. The 2036 bonds have a 5.25% coupon priced at 99.5, and the 2041 bonds have a 5.30% coupon priced at 99.5.

The 2011B bonds are due in 2012 with term bond due in 2021. The serial coupons range from 0.55% to 0.65%, priced at par. The 2021 bonds have a 3.90% coupon priced at par.

The bonds were sold through Raymond James & Associates Inc. The co-managers were Bank of America Merrill Lynch; Barclays Capital Inc.; Citigroup Global Markets Inc.; J.P. Morgan Securities LLC; Loop Capital Markets LLC; Morgan Stanley & Co. LLC; CastleOak Securities LP; Corby Capital Markets Inc.; Eastern Bank; Fidelity Capital Markets LLC; George K. Baum & Co. Inc.; Janney Montgomery Scott LLC; M.R. Beal & Co. Inc.; Morgan Keegan & Co. Inc.; Piper Jaffray & Co.; Ramirez & Co. Inc.; Rice Financial Products Co.; Siebert Brandford Shank & Co. LLC; Wells Fargo Bank, NA; and Williams Capital Group LP.

Proceeds will be used to refund and defease series 1998A-B, 1999A-C and 2001A rental housing revenue bonds.

Issuer:	Massachusetts Housing Finance Agency
Issue:	Series 2011 housing bonds
Amount:	$57.48 million
Type:	Negotiated
Underwriters:	Raymond James & Associates Inc. (lead); Bank of America Merrill Lynch; Barclays Capital Inc.; Citigroup Global Markets Inc.; J.P. Morgan Securities LLC; Loop Capital Markets LLC; Morgan Stanley & Co. LLC; CastleOak Securities LP; Corby Capital Markets Inc.; Eastern Bank; Fidelity Capital Markets LLC; George K. Baum & Co. Inc.; Janney Montgomery Scott LLC; M.R. Beal & Co. Inc.; Morgan Keegan & Co. Inc.; Piper Jaffray & Co.; Ramirez & Co. Inc.; Rice Financial Products Co.; Siebert Brandford Shank & Co. LLC; Wells Fargo Bank, NA; and The Williams Capital Group LP (co-managers)
Pricing date:	Oct. 27
Settlement date:	Nov. 3
$53.83 million series 2011A bonds
Amount	Maturity	Type	Coupon	Price
$480,000	2012	Serial	0.70%	100
$2.015 million	2012	Serial	0.85%	100
$2.62 million	2013	Serial	1.15%	100
$2.15 million	2013	Serial	1.25%	100
$590,000	2014	Serial	1.80%	100
$480,000	2014	Serial	1.95%	100
$485,000	2015	Serial	2.40%	100
$500,000	2015	Serial	2.50%	100
$515,000	2016	Serial	2.75%	100
$510,000	2016	Serial	2.85%	100
$420,000	2017	Serial	3.00%	100
$435,000	2017	Serial	3.10%	100
$445,000	2018	Serial	3.30%	100
$460,000	2018	Serial	3.40%	100
$470,000	2019	Serial	3.60%	100
$485,000	2019	Serial	3.70%	100
$500,000	2020	Serial	3.90%	100
$515,000	2020	Serial	3.90%	100
$530,000	2021	Serial	4.10%	100
$545,000	2021	Serial	4.10%	100
$560,000	2022	Serial	4.25%	100
$575,000	2022	Serial	4.25%	100
$590,000	2023	Serial	4.35%	100
$610,000	2023	Serial	4.35%	100
$10.595 million	2030	Term	5.10%	100
$5.99 million	2033	Term	5.20%	100
$7.105 million	2036	Term	5.25%	99.5
$12.655 million	2041	Term	5.30%	99.5
$3.615 million series 2011B taxable bonds
Amount	Maturity	Type	Coupon	Price
$2.025 million	2012	Serial	0.55%	100
$615,000	2012	Serial	0.65%	100
$1.01 million	2021	Term	3.90%	100

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