Massachusetts Housing plans $150 million sale of housing revenue bonds

By Sheri Kasprzak

New York, March 4 - The Massachusetts Housing Finance Agency is set to price $150 million of single-family housing revenue bonds, according to a preliminary official statement. Pricing is expected during the week of March 4.

The deal includes $59.74 million of series 163 AMT bonds, $3,375,000 of series 164 non-AMT bonds, $61.6 million of series 165 non-AMT bonds and $25,285,000 of series 166 taxable bonds.

The series 163 bonds are due 2013 to 2023 with term bonds due in 2028 to 2033. The series 164 bonds are due 2013 to 2017. The series 165 bonds are due 2014 to 2023 with term bonds due in 2028, 2033, 2038, 2041 and 2043 and the series 166 bonds are due 2013 to 2026.

The bonds will be sold on a negotiated basis with Morgan Stanley & Co. LLC, BofA Merrill Lynch and Barclays as the lead managers. The co-managers are Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC, CastleOak Securities LP, Corby Capital Markets Inc., Eastern Bank Capital Markets, Fidelity Capital Markets Inc., George K. Baum & Co., Janney Montgomery Scott LLC, M.R. Beal & Co., Piper Jaffray & Co., Ramirez & Co. Inc., Raymond James/Morgan Keegan, Rice Financial Products Co., Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC and Williams Capital Group LP.

Proceeds will be used to refund existing single-family housing bonds.

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