Published on 8/14/2012 in the Prospect News Municipals Daily.
New Issue: Massachusetts Housing Finance sells $75.35 million housing bonds
By Sheri Kasprzak
New York, Aug. 14 - The Massachusetts Housing Finance Agency sold $75.35 million of series 2012 housing mortgage bonds, according to a pricing sheet.
The bonds (//AA-) were sold through Barclays.
The offering included $34,735,000 of series 2012A bonds and $40,615,000 of series 2012B bonds.
The 2012A bonds are due 2012 to 2024 with term bonds due in 2027 and 2031. The serial coupons range from 0.2% to 2.85%, all priced at par.
The 2012B bonds are due 2013 to 2022 with term bonds due in 2027, 2031, 2042 and 2053. The serial coupons range from 0.45% to 2.65%, all priced at par. The 2027 bonds have a 3.25% coupon priced at par, and the 2031 bonds have a 3.5% coupon priced at par. The 2042 bonds have a 3.77% coupon priced at par, and the 2053 bonds have a 4.02% coupon priced at par.
Proceeds will be used to finance mortgage loans.
| Issuer: | Massachusetts Housing Finance Agency
|
| Issue: | Series 2012 housing mortgage bonds
|
| Amount: | $75.35 million
|
| Type: | Negotiated
|
| Underwriter: | Barclays
|
| Rating: | Fitch: AA-
|
| Pricing date: | Aug. 8
|
| Settlement date: | Aug. 22
|
|
|
| $34,735,000 series 2012A bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $390,000 | 2012 | Serial | 0.2% | 100
|
| $760,000 | 2013 | Serial | 0.30% | 100
|
| $760,000 | 2013 | Serial | 0.45% | 100
|
| $765,000 | 2014 | Serial | 0.55% | 100
|
| $765,000 | 2014 | Serial | 0.65% | 100
|
| $770,000 | 2015 | Serial | 0.85% | 100
|
| $770,000 | 2015 | Serial | 0.95% | 100
|
| $775,000 | 2016 | Serial | 1.05% | 100
|
| $780,000 | 2016 | Serial | 1.15% | 100
|
| $785,000 | 2017 | Serial | 1.4% | 100
|
| $790,000 | 2017 | Serial | 1.5% | 100
|
| $795,000 | 2018 | Serial | 1.7% | 100
|
| $800,000 | 2018 | Serial | 1.75% | 100
|
| $810,000 | 2019 | Serial | 2% | 100
|
| $815,000 | 2019 | Serial | 2% | 100
|
| $825,000 | 2020 | Serial | 2.3% | 100
|
| $835,000 | 2020 | Serial | 2.35% | 100
|
| $845,000 | 2021 | Serial | 2.4% | 100
|
| $855,000 | 2021 | Serial | 2.5% | 100
|
| $865,000 | 2022 | Serial | 2.65% | 100
|
| $875,000 | 2022 | Serial | 2.65% | 100
|
| $890,000 | 2023 | Serial | 2.75% | 100
|
| $900,000 | 2023 | Serial | 2.75% | 100
|
| $915,000 | 2024 | Serial | 2.85% | 100
|
| $925,000 | 2024 | Serial | 2.85% | 100
|
| $5.87 million | 2027 | Term | 3.25% | 100
|
| $8,805,000 | 2031 | Term | 3.5% | 100
|
|
|
| $40,615,000 series 2012B bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $220,000 | 2013 | Serial | 0.45% | 100
|
| $275,000 | 2014 | Serial | 0.55% | 100
|
| $275,000 | 2014 | Serial | 0.65% | 100
|
| $280,000 | 2015 | Serial | 0.85% | 100
|
| $280,000 | 2015 | Serial | 0.95% | 100
|
| $280,000 | 2016 | Serial | 1.05% | 100
|
| $280,000 | 2016 | Serial | 1.15% | 100
|
| $285,000 | 2017 | Serial | 1.4% | 100
|
| $285,000 | 2017 | Serial | 1.5% | 100
|
| $290,000 | 2018 | Serial | 1.7% | 100
|
| $290,000 | 2018 | Serial | 1.75% | 100
|
| $295,000 | 2019 | Serial | 2% | 100
|
| $295,000 | 2019 | Serial | 2% | 100
|
| $300,000 | 2020 | Serial | 2.3% | 100
|
| $300,000 | 2020 | Serial | 2.35% | 100
|
| $305,000 | 2021 | Serial | 2.45% | 100
|
| $310,000 | 2021 | Serial | 2.5% | 100
|
| $315,000 | 2022 | Serial | 2.65% | 100
|
| $315,000 | 2022 | Serial | 2.65% | 100
|
| $3,455,000 | 2027 | Term | 3.25% | 100
|
| $3.21 million | 2031 | Term | 3.5% | 100
|
| $11.7 million | 2042 | Term | 3.77% | 100
|
| $16,775,000 | 2053 | Term | 4.02% | 100
|
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